Construction numbers behind |

Construction numbers behind

The Park City construction industry through the end of the summer remained behind the record pace of 2007, the city’s Building Department reports, making it less likely another standard will be set this year.

According to the Building Department, the industry had tallied about $128.6 million by the end of August. The figure trails the approximately $163.4 million that had been recorded through the same period in 2007.

The department in August issued 115 permits valued at a combined $7.8 million, trailing the previous month and the same month in the year before. The permits in August included seven for houses, worth about $2.5 million combined. Two commercial buildings also received permits, valued at $2.7 million.

Permits for alterations and additions, numbering 91, accounted for about $2.4 million. Most of the alterations and additions were made to dwellings.

The number of electrical, plumbing and mechanical permits was mixed compared to the previous month and the same month the previous year.

The city’s building inspectors averaged 268 inspections each day in August, up from the previous month and the same month the year before.

The construction industry in 2007 posted $239.7 million worth of work, besting the record set in 2006. Officials have said throughout 2008 that the figures would be strong, but they have doubted that a third consecutive record would be set.

This year, though, will still likely end as one of the busiest years on record.

The Park City area in 2008 has suffered a slump in the housing market, but the real estate industry remains optimistic, saying that Park City offers competitive prices compared to other mountain resorts like Aspen, Colo., Jackson, Wyo., and Ketchum, Idaho.

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