Park City’s construction trade enjoys another solid month
July 1, 2011
The construction industry this year continues to outpace the numbers recorded inside Park City in 2010, with the last two months being especially robust for the builders.
According to the Park City Building Department, the year-to-date value of the permits issued in 2011 sat at just less than $14.9 million at the end of May. The dollar figure was a little less than $9.5 million through the same period the year before.
April and May accounted for approximately two-thirds of the year-to-date figure in 2011, a result of a run on building permits for a variety of smaller projects. In May, the department issued 100 permits worth approximately $4.1 million combined, topping the figures from the same month the year before but trailing the numbers in April, the best month of the year thus far.
Alterations and additions accounted for a significant portion of the monthly total, with the department issuing 87 such permits worth a little less than $3.7 million combined. The category also pushed up the numbers in April.
One permit was issued for a house. The Building Department valued that permit at $389,663.
The number of electrical, plumbing and mechanical permits was mixed compared to the previous month and the previous May.
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The Building Department’s inspection load, meanwhile, was down in May from April and the previous May. The department conducted an average of 130 inspections each day in May.
The construction industry in Park City suffered terribly in the recession and the numbers, though beating those from last year, are not robust when compared to the record-setting year prior to the onset of the recession.
It is not clear what sort of year-end numbers might be posted in 2011. There are several large projects under consideration, but timelines have not been finalized. If permits are issued for one of the major projects, the numbers would climb sharply.
But if the numbers continue to rely on alterations and additions, which traditionally do not account for a high percentage of the overall total, the year-end figure could be unimpressive again.