Midyear construction numbers are lackluster in Park City
July 15, 2011
Park City’s construction industry in June pulled back from the solid numbers recorded in May, the Park City Building Department said, leaving the industry still slightly ahead of the 2010 pace.
The Building Department reported issuing 90 permits in June worth a little less than $3.2 million combined. The dollar figure was down from the just less than $4.1 million tallied in the month before. In the previous June, the number was a little less than $7.1 million.
The year-to-date tally in 2011 at the end of June slightly topped $18 million. Through the same period the year before, the number was approximately $16.6 million.
Alterations and additions continue to prop up the numbers, with work on existing residential and commercial properties accounting for nearly all of the dollar value of the permits issued in June. Most of the permits for alterations and additions were issued for work on residential properties.
There were no permits issued for houses, duplexes, multi-family units or commercial buildings. Permits for new buildings are typically more valuable than those issued for alterations or additions.
The number of electrical, plumbing and mechanical permits was mixed compared to the previous month and the previous June. The Building Department in June averaged 128 inspections per day, approximately the same number as in May. The inspection load, though, was down from the previous June, when 176 were conducted each day on average.
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The construction industry is suffering another year that is down sharply from the record-setting years between the 2002 Winter Olympics and the onset of the recession. The recession hit at about the same time as a long-anticipated slowdown in development in Park City as the number of large projects under consideration dwindled.
It is not clear what sort of comeback could be made in 2011. There are several significant projects that are under consideration, but the timeline is not known with certainty. If major permits are issued this year, the tally would climb quickly.