Total Construction Permit Values in Tri-County Area Increased by $31.6M
Staff Report From Charleston CEO
Tuesday, September 25th, 2018
Total construction permit values in the tri-county area increased by $31.6 million, or about four percent, to $737 million during the second quarter of 2018, according to data recently released by the by the Berkeley-Charleston-Dorchester Council of Governments.
Other key takeaways from the Council of Governments Q2 Construction Quarterly report include:
Commercial construction permit values increased by 46% ($73 million)
New construction permit values increased 3% ($21.9 million)
Single Family permit values increased 14% ($57.7 million)
Construction Quarterly provides a detailed analysis of the construction trends in the region. Sectors analyzed include commercial, single family, single-family attached, multi-family, and renovation construction.
“We continue to see positive growth in permit values across most types of construction in the region, which is a sign of ongoing economic momentum,” said BCDCOG planning director Kathryn Basha.
The full report can be viewed here.