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Wednesday, May 22, 2013

Business

Posted 11:48 pm  Sunday, February 03, 2013


Residential construction up in 2012 despite commercial dip
BY CASEY MURPHY
cmurphy@tylerpaper.com

Although the city of Tyler saw a decline in total building permits and valuations in 2012, residential construction spiked 22.35 percent compared to the year before.

“The increase in residential permits is promising and the commercial activity tends to ebb and flow varying from year to year,” said Michael Wilson, development services engineer and floodplain administrator for the city.

There were 5,826 permits filed for 2012, a 0.85 percent decrease from 2011, when 5,876 permits were filed with the city of Tyler, Wilson said.

The valuation of all permits, which include permits for building, demolition, ele­ctrical, signs, plumbing and mechanical, also slu­mped from the previous year.

Last year saw a valuation of $237.6 million, a decrease of $30 million, or 11.2 percent, compared to the $267.6 million valuation of all permits filed in 2011.

Although total permits were down for the entire year, Wilson said the city saw an increase in activity — with total permits up 21 percent and revenue up 60 percent — during the last quarter of 2012, compared to the same time the year before.

“This is promising if the trend continues for the new year,” he said.

The city had 53 new commercial buildings constructed in 2012, a decrease of 25.35 percent compared to 71 new construction permits filed in 2011. Last year’s new commercial permits valuation was $46.6 million, a 40.45 percent decline from the new commercial construction valuation of $78.2 million in 2011.

New commercial building permits may be down by comparison because the city had several large permits last year, such as Trinity Mother Frances’ Louis & Peaches Owen Heart Hospital, Wilson said.

“The number of new commercial permits is at the lowest level it has been in several years but we have seen a corresponding increase in commercial remodel permits over the past couple of years,” he said.

There were 208 new residences constructed in 2012, a 22.35 percent jump from the 170 new residential permits filed the year before. Valuations for new residential permits were $59.9 million in 2012, a 10.42 percent increase from the $54.2 million in 2011.

The city collected $763,981 in permit fees in 2012, a decrease of 7.55 percent from the $826,385 in fees collected in 2011.



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