Monday, February 11, 2013

Permits for Home Construction in Wisconsin Jump 38% in January


Home building permits in Wisconsin's biggest metro areas rose almost 38% in January, the best start for new-home construction since 2008.

A total of 201 permits were issued in the greater Milwaukee area, Dane County, Green Bay-Door County area, Fox Valley and the Racine-Kenosha area in January, according to MTD Marketing Services of Wisconsin Inc., of Oshkosh.

That compares with 146 in January of last year, and is the first time in five years the total has topped 200.

Dane County led the way, nearly doubling the number of January permits to 63 from 33 in 2012.

"January is off to a great start in most areas of the state," said MTD's Dominic Collar. "This is a very good sign for Wisconsin's homebuilders and consumers."

Even though 2013 weather started out colder than in 2012, it hasn't seemed to have hurt housing starts.

"We were pleasantly surprised and expected Wisconsin's weather to affect starts in the first quarter," Collar said. "More snow and cold adds challenges to a new-home project in the winter. Keep in mind that last year was a very warm first quarter, which made it easier to build."

In addition, he said, there is increased interest in land development by builders planning for 2013 and beyond.

New-home construction remains far below levels from the early 2000s, but the increase suggests a slow recovery in the housing industry is continuing.

In 2012, permits to build new homes rose almost 22% in Wisconsin's most populated metro areas.

Along with Dane County, the metropolitan Milwaukee area had a big pickup in permits to construct single-family houses and duplexes in January, rising to 71 from 49 a year earlier. Permits to build also rose in the Fox Valley, going to 37 from 22 in 2012.

Permits fell to 17 from 28 in the Green Bay-Door County area, and slipped by one - to 13 from 14 in January - in the Racine-Kenosha area.

1 comments:

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