Residential construction buoys 2019 building figures
The total construction value, based on the building costs listed in permits, reached slightly more than
"The combined numbers for 2019 (are) the lowest it's been in several years," said
Residential permits amounted to
"Overall it was a really good year on the residential side," Wicklund said. "On the commercial side, we lacked very many big projects. We just don't have the dollars. It seems to go in cycles. One year, the residential numbers are high and the commercial are not, and the next, the commercial is high and residential is not."
There were 1,278 residential permits issued compared with 1,268 last year. But the total estimated value of those properties was higher at slightly more than
Asked whether the permits were issued for specific development areas in the city, Wicklund said, "I would not say those are in a particular area; however, they are overwhelmingly split between two contractors,
Those two housing contractors were issued 150 of this year's residential permits.
"If you average that out, it's
He said that investors are buying up housing stock.
"About 75 percent of our sales over the last three years have been to investors," he said. "What is driving that up is the (KCU) medical school and the (coming) dental school."
Ledford's goal is to build 40 to 50 houses a year. While sales some years slow down this time of year, Ledford said the
Commercial
Commercial permits plunged to the lowest level since 2010, down about 40% from last year. Records show 344 permits were issued for
The largest single commercial permit for 2019 amounted to
A mineral wool insulation most often used in commercial building for fire protection and to reduce noise and energy use is made at the plant. The material resists fire and temperatures of more than 2,000 degrees.
The company made a
The work was to be completed over the 2019 summer.
Wicklund said this year's total also was bolstered by a
Other large commercial permits included:
--A
--A
Last year's permit amounts were led by one for
That list of 2018 permits included eight commercial permits for more than
Last year's permits also included two senior living projects in
In the past decade, the lowest annual amount recorded for commercial permits was about
The least amount recorded for residential permits was
Permit values
Total value of
--2010:
--2011:
--2012:
--2013:
--2014:
--2015:
--2016:
--2017:
--2018:
--2019:
Source:
___
(c)2019 The Joplin Globe (Joplin, Mo.)
Visit The Joplin Globe (Joplin, Mo.) at www.joplinglobe.com
Distributed by Tribune Content Agency, LLC.
Hospitals Are Going To War Against Trump’s Price Transparency Push
16 Year-End Financial Planning Tips From The AICPA
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News