News

Construction value rises

By Bill Moss, Published: September 27, 2014

The value of construction rose by 11 percent through the first eight months of the year despite a fall in the number permits issued for new residential units, the Henderson County Inspections Office said.

Sparked by a 34 percent in the value of commercial projects, the total value of construction work climbed to $85.2 million compared to $76.9 million for the first eight months of 2013. The 246 permits issued for new residential units was down from 371 the year before when apartment construction accounted for a spike. The total value of residential construction, however, inched up by 2.4 percent — $57.7 million compared to $56.4 million last year.
In August contractors pulled permits for 42 residential units, 67 residential remodeling jobs, nine new commercial buildings and 19 commercial remodeling jobs or additions. Overall building permits of 1,113 dipped 1.4 percent from August 2013. Total value of construction work started in August was $12.2 million.
Figures for the fiscal year that started July 1 showed overall construction value at $21 million, or 9 percent ahead of the same period in FY2013-14.