Park City construction industry suffers pull back
May 26, 2015
The Park City construction industry suffered a sharp pullback in April after two consecutive stellar months, the Park City Building Department said, but the numbers remained strong nonetheless.
The Building Department in April issued 16 permits valued at nearly $13.1 million combined. The dollar value by a wide margin trailed the more than $23.5 million worth of permits that were issued in March. The figure was up slightly from the previous April, when approximately $12.6 million worth of permits was issued.
Alterations and additions remained crucial to the overall numbers. According to the Building Department, alterations and additions accounted for a little less than $8.5 million of the overall dollar figure in April.
Alterations and additions have been an important category in the construction numbers since the recession as property owners expanded their properties or remodeled them instead of building new ones. As Park City’s economy improved, alterations and additions have continued to add to the construction numbers even amid new projects.
The Building Department in April, meanwhile, issued permits for five houses. The permits were valued at a little less than $3.6 million combined. One multifamily project involving four units received a permit. The permit is valued at $903,878.96.
Some of the notable permits issued in April included:
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The Park City construction industry is experiencing a strong comeback from the recession, enjoying its best year in 2014 since 2008. The industry ended 2014 at approximately $144.9 million.
The year-to-date figure in 2015 through the end of April was $57.3 million, well above the nearly $33.9 million posted through the same period in 2014. The Park City Building Department predicted early in 2015 the numbers could approach those tallied in 2014.
The Building Department in April conducted an average of nearly 53 inspections per day, up from March but down from the approximately 57 each day in the previous April. The number of electrical, plumbing and mechanical permits was up from the previous month and the previous April.