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Archive for Thursday, February 11, 1999

99 WITHBANG

February 11, 1999

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Home builders kicked off the new year with a bang, according to a new city report.

Spurred by favorable weather, strong demand and low mortgage-interest rates, builders took out permits for construction of 29 single-family homes during January, up from 18 a year ago and well above the 10-year average of about 20 homes for the month.

According to the city's latest monthly building permit report, the new houses had an average value of about $131,000. Together, they were valued at $3.8 million.

Other residential construction included four duplexes valued at $140,000 each, and a four-plex valued at $173,465.

There was one January permit for new business construction to JDS Construction, which is building a $200,000 warehouse and office at 2120 Del. There were 29 permits for remodeling projects worth $588,296; 20 electrical permits valued at $33,590; 37 plumbing permits valued at $34,628; and 36 mechanical permits valued at $92,134.

There was also a permit for an $80,000 swimming pool at Jefferson Commons, the 192-unit apartment complex being built near 31st and Iowa streets.

The total number of permits issued this January hit 171, up from 170 a year ago. The total valuation of all permits issued this January was $7.59 million, up from $5.19 million a year ago. The 10-year average is $4.83 million.

It was down from December, though, when builders received permits for construction valued at $23.5 million.

-- Richard Brack's phone message number is 832-7194. His e-mail address is rbrack@ljworld.com.

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