Park City construction trade posts its best-performing month of 2010
August 6, 2010
Park City’s construction trade posted its best-performing month of the year in July, the Building Department reported, the second consecutive month of solid numbers from the bellwether industry.
According to the Building Department, permits valued at just less than $7.4 million were issued in July. The July numbers follow the just less than $7.1 million that was recorded in June, the most lucrative month of the year to that point.
The Building Department said a $2.7 million permit for a medical office building at the Park City Medical Center health campus helped push up the July figures. Three houses, valued at a combined $1.4 million, meanwhile, received permits.
Alterations and additions to existing structures, a category that has performed well, added $3.2 million to the July totals. Most of the permits for alterations and additions went to people working on residential buildings.
The just less than $7.4 million in permits in July also beat the numbers from the previous July, when $6.8 million worth of construction received the go-ahead.
Still, though, the year-to-date figure continues to trail those recorded through the same period in 2009 by a wide margin. Through July, the 2010 total sat at approximately $24 million. Through the same period in 2009, the year-to-date figure was $52.4 million. The industry finished 2009 well off the record-setting years prior to the recession.
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The number of electrical, plumbing and mechanical permits was mixed compared to the June tally and the numbers recorded in the previous July.
The Building Department in July averaged 192 inspections each day, up from the number in June but well off the 272 daily inspections tallied in July 2009.
Park City officials have said they do not expect major projects to begin construction by the end of the year. Roger Evans, City Hall’s interim chief building official, said midsummer he anticipates the final 2010 numbers could slightly outpace the end-of-year figure of $68.5 million recorded in 2009..
The construction industry has struggled amid the shaky economy as financing for development became more difficult to obtain. Park City leaders have also long expected that construction inside the city would level off as land available for development became scarcer.