Valuation of F-M building permits sets record at $93.6 million
FARGO - The total value of all building permits issued in the Fargo-Moorhead area in the first three months of the year set a first-quarter record at about $93.6 million, according to numbers released Wednesday by the Home Builders Association of Fargo-Moorhead.
That figure includes building permits for single-family, multi-family, commercial, remodeling and public projects.
The association's report said housing construction is off to a strong start and on pace with last year's activity, though compared to 2012's extremely strong start the picture this spring appears average.
Carlita Dietz, president of the association, said the deep freeze that occurred this past winter led to a delay in new construction, but she added that the absence of a flood this spring has builders in high spirits.
The first-quarter building permit report showed a slight bump in total housing starts compared to 2013, increasing from 55 last year to 56 this year.
Total housing valuation increased from about $12.8 million last year to $13.5 million in the first three months of this year, an increase of about 5 percent.
Overall, single-family housing starts in the metro area fell about 31 percent from 55 in 2013 to 38 this year. However, twin home construction and row house permits totaled 18 units this spring, compared to zero for the first quarter of 2013.
Total housing starts in Moorhead went from one in the first quarter of 2013 to eight single-family permits this year.
West Fargo housing starts dropped from 32 in the first quarter of 2013 to 21 this year.
Fargo housing starts increased from 22 in the first quarter of last year to 27 this year.
Dilworth has had no housing construction activity so far this year, which Dietz said is typical for the first quarter.
Readers can reach Forum reporter Dave Olson at (701) 241-5555