Building numbers unimpressive
The number of building permit applications requested from Summit County during the first quarter of 2011 seems to contradict claims of economic recovery.
Although up from last year by most measures, the numbers still trail 2008 and 2009. Only eight dwelling permits were requested compared to 11 in the first quarter of 2009. So far, 77 permits of all kinds were requested compared to 88 in 2009. The value of the projects which range from new structures to bathroom remodels was about $6,183,000 this year compared to about $7,082,000 in the first quarter of 2009.
Todd Evans, president of the Park City Area Homebuilders Association, said the numbers don’t reflect the interest in building that has been increasing.
During the first quarter of 2011, he and most of his colleagues got more telephone calls asking for bids than in previous years.
This year’s Park City Area Showcase of Homes, scheduled to begin in August, already has 14 homes scheduled with more likely to come. Homebuilders have paid deposits on five homes for 2012 Showcase, he said.
A lot of people in the construction industry have been following activity at the golf community Promontory as a measure of recovery.
"I have a home out there things there seem to be moving," he said.
His lumber salesman told him banks are beginning to lend again.
"I try to have my hand on the pulse and the indicators seem, in general, like things are brightening up a little bit," he said.
After taxes were in on April 18, he got a steady stream of calls from people interested in starting projects. Since most construction work is done during the summer months, Evans said signs of economic recovery for the local building industry should be evident by fall.
All Permits Requested in First Quarter
Permits for Dwellings in First Quarter
Approx. Value of Projects in First Quarter
2008: $8.3 M
2009: $7.1 M
2010: $4 M
2011: $6.2 M
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