Park City builders pull back from three strong months
December 7, 2012
The Park City construction industry in November pulled back from a strong three-month stretch, something that was expected as the winter set in and the holidays approached.
The Park City Building Department reported issuing 82 building permits in November worth a little less than $4.9 million combined. The figure fell sharply from the previous month, when nearly $12.4 million worth of permits was issued. The November number, though, increased from the approximately $1.6 million in permit issued in the same month in 2011.
The number in October was the best of the year by a wide margin, and a decline was anticipated.
Through the end of October, the Building Department had issued $59.4 million worth of permits in 2012. The year-to-date figure is significantly higher than the $35.2 million in permits that had been issued in the same period in 2011.
The November numbers were helped by an interior remodel, valued at $1.5 million, at the Quinn’s Junction medical complex.
The Building Department report indicated alterations and additions accounted for $3.2 million of the overall monthly total, or 65.4 percent. Alterations and additions to commercial buildings topped $2.1 million while the changes to residential dwellings beat $1 million.
Alterations and additions have had an outsized impact on the overall numbers since the recession as owners have opted to fix up or expand their existing places instead of building new ones. The alterations and additions typically are not as valuable as new construction projects, however.
The Building Department in November also issued two permits to build houses. They were valued at a little less than $1.7 million combined.
The department in November conducted an average of 76.85 inspections each day in November, down from the 101 each day the month before and the 98 daily inspections in the previous November.
The number of electrical, plumbing and mechanical permits was mixed in November compared to October and the previous November.
The year-to-date dollar figure is up from 2011, but it remains down by a significant margin from the record-setting years prior to the recession. The recession struck at a time when there was expected to be a decline in the construction figures in Park City as the number of large development parcels dwindled.