This graph shows the total amount of construction since 2018, these numbers show the amount of construction investment, primarily from the private sector, in each year. The graph also illustrates how major projects, like POET Biorefineries in 2018, can drastically skew this indicator, like it did to industrial construction in 2018. The construction costs in industrial, commercial, and residential areas accounted for just over $107 Million in 2022. PABD staff anticipate another healthy year of growth in all sectors, with a couple of industrial projects planned, as well as large residential projects including Summerfield, Stratford Place, Bear Run, Twelve Oaks, and Isabelle Farms.
The overall number of building permits (New Construction, Renovations, and Additions) increased in 2022, as did just the number of new building construction permits. In 2022, the number of single-family home permits increased by 22.6% from 2021, increasing from 84 in 2021 to 103 in 2022. The industrial permits increased from 2021 by 4 permits. PABD staff anticipates an uptick in residential construction in 2023 with a number of residential projects being filed late in 2022 with the Plan Commission.
This graph shows all new permits for commercial, industrial and residential construction. However, it only measures new residential construction for single-family development. The chart below includes residential remodels and additions in comparison to new residential construction. In addition to these single family homes, there were 16 new condo units, 9 new manufactured homes, and 168 apartment units that received permits this year.
This map shows all of the building permits for new construction projects issued in 2022. Click on any point and it will show related information to the permit that was issued. This map only depicts new permits, and excludes additions and remodels.