Construction industry caps a solid year in Park City
January 4, 2013
Park City’s construction industry finished 2012 well ahead of the pace of the year before, but the numbers remained down from the busiest years before the onset of the recession.
The Park City Building Department reported the industry posted a little more than $63.4 million in construction in 2012. The year-end number was approximately $40.9 million in 2011.
The numbers were outlined in the department’s monthly report for December. A more detailed tally of construction data in 2012 is expected to be released later.
The construction industry in Park City mounted a comeback of sorts in 2012 after suffering through the recession. They remained down sharply, though, from the busiest years on record, when the tally reached nine figures.
The numbers in September and October were especially encouraging for the industry. In October, the Building Department issued nearly $12.4 million in permits. In the month before, the number was approximately $8.5 million.
The monthly report covering December indicated the department issued 49 permits worth $4 million combined. The dollar value was down from the previous month and the previous December, when nearly $5.8 million worth of permits was issued.
Recommended Stories For You
Alterations and additions, particularly those to residential properties, accounted for just more than half of the monthly total. Two single family homes, meanwhile, added a little less than $1.9 million to the tally in December.
The most valuable permit issued in December was $1.5 million, for an addition and remodel on Falcon Court, a street in the upper reaches of Deer Valley.
Alterations and additions have had an outsized impact on the numbers since the recession as property owners fixed up their places or expanded them instead of breaking ground on new projects. Alterations and additions, though, normally are not as valuable as new construction projects.
The number of electrical, plumbing and mechanical permits was down from the previous month but up from the same month in 2011. The Building Department in December conducted an average of approximately 66 inspections per day in December, down from the previous month and a sharp drop from the nearly 109 daily inspections in December 2011.