Big gains on all fronts for the building industry

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The numbers are in and tell a story of robust gains for the building industry in Clark County during 2015. Increases were seen across single-family new construction, remodeling and multi-family projects.

 

In December, 100 Single Family Residential (SFR) permits were issued by Clark County. This is a 15 percent gain over November’s figure and a 30 percent increase from December of 2014. Overall for the year, SFR permits increased 32 percent with 1,246 permits issued in 2015 and 944 SFR permits issued in 2014.

 

Residential remodeling has a similar tale to tell, as 62 remodeling permits were issued in December. This is a 27 percent increase over November’s figure and a whopping 72 percent gain from December of 2014 where 36 permits were issued in the category. For the year, remodeling permits were up 25 percent in the county.



 

Multi-family (MF) construction in Clark County boomed 967 percent in 2015. There were 29 MF permits issued in 2015, easily eclipsing the 3 MF permits issued in all of 2014.

 

“These numbers are significant,” stated Aaron Marvin, 2016 BIA Vice President and co-owner of A.C.T. Construction. “The industry is healthy and our folks are busy creating special places for people to call home. The BIA is focused on assisting the region with solutions for workforce development and raising awareness on land supply issues. These are crucial factors for long-term housing affordability and industry stability.”

The Building Industry Association (BIA) of Clark County is a nonprofit trade association representing the interests of all businesses involved with real estate, land development, homebuilding and construction.