User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


37° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

SF Housing Numbers Rise Substantially In 2012

January 2, 2013, 9:52 PM by Kelly Bartnick

SF Housing Numbers Rise Substantially In 2012
SIOUX FALLS, SD -

Sioux Falls 2012 building permit numbers are in. Single family homes rose by 80 percent in 2012. Builders say it’s a sign of an ever-increasing new housing market and calls have not stopped even though the ground has frozen over.

“It’s crazy the amount of phone calls you're getting and even with spec houses the amount of showings you're getting,” Home Builders Association of the Sioux Empire President Kevin Zomermaand said.

New residential homes rose to 628 in 2012. That's substantially higher than one year ago when new homes hit a ten year low. Remodeling also saw an increase of about $4 million over 2011’s numbers.

“A lot of guys were doing stuff they didn't normally do. A lot of guys did little remodels and stuff just to get by,” Zomermaand said.

Zomermaand says building crews are getting busier again. That means area builders' lists are getting longer too because customer confidence is up and interest rates have stayed low. And he says if you plan to break ground in 2013 and haven't called yet, you better hurry.

“We're getting houses lined up for this year, for the summer. We've got a lot of houses. So the quicker you could get in to get the process going, the quicker you get in the house,” Zomermaand said.

The rise is a long way off from the record years of the early 2000s when construction permits topped 1,000 annually. But because fewer new homes are on the market compared to the number of people who want them, they'll have to build. And that's why builders believe the rebound is just beginning.

Multi-family, twin home and duplex permits are also up.

The city issued $490 million in total permits. The number was propped up by large civic projects like the new events center, schools and other public buildings. The number is the second highest in the city's history, surpassed only by $527 million in permits issued in 2007.

Previous Story

Next Story


Comments







 
Find Local Businesses on KELO Pages!

View business

You may also like

Pierre Woman Wins On In-Flight Game Show

10/17/2014 12:10 PM

A South Dakotan is a winner on the Allegiant Airlines' first in-flight game show called "The Game Plane."  The reality show is film...

Full Story
Minimum Wage In South Dakota

10/13/2014 6:12 PM

An initiated measure on the South Dakota ballot this November proposes to raise the state's minimum wage from $7.25 per hour to $8.50.  Suppo...

Full Story | Watch
Pop-Up Holiday Shop Coming to Downtown Sioux Falls

10/15/2014 11:45 AM

Unglued: Christmas Market, will open in the space formerly occupied by the Book Shop in the Carpenter Building on Phillips Avenue from Nov. 20 through...

Full Story
Ebola Scams Surface

10/17/2014 2:15 PM

It was only a matter of time before scammers started capitalizing on the Ebola scare.  The Better Business Bureau is warning consumers about a va...

Full Story
Lumber Hunt

10/16/2014 10:05 PM

Connor Burtis is holding a treasure hunt with the ultimate prize: A handcrafted piece of furniture.

Full Story | Watch


Events