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Construction in 2019
Construction in 2019
This graphic shows the total cost of construction since 2015, these numbers show the amount of investment, primarily from the private sector, in a given year, through construction. The chart below also illustrates how major projects, like POET Biorefineries, can drastically skew this indicator. Excluding the outlier of Industrial Permits, the remaining construction costs in commercial and residential areas accounted for just over $60 Million in 2019. We anticipate another really healthy year of growth in all sectors, with large industrial projects like Greenleaf Foods, as well as large residential projects including Twin Lakes Estates, Hamilton Major, and Isabelle Farms.
Permits Issued in 2019
Permits Issued in 2019
While the overall number of building permits (New Construction, Renovations, and Additions) increased from 200 in 2018, to 225 in 2019, the number of new construction permits dropped slightly across the board. The largest drop was seen in new residential permits, where the number of permits dropped by about 35%. This drop is likely due to the limited supply of buildable residential lots available, but we anticipate an uptick in residential construction in 2020 with a number of residential projects being filed with the Plan Commission.
The number of industrial building permits issued is fairly average, because they have historically accounted for roughly 15% of the overall number of new construction permits. This year, industrial permits accounted for 16% of all new construction permits.
Map of 2019 Building Permits
Map of 2019 Building Permits
Below is a map showing all of the building permits issued in 2019. Click on any point and it will show related information to the permit that was issued.
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