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.


61° 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!

 

Number Of New Homes Skyrockets In Sioux Falls

January 4, 2013, 5:34 AM by Austin Hoffman

Number Of New Homes Skyrockets In Sioux Falls
SIOUX FALLS, SD -

2012 was a great year for people in the housing business in Sioux Falls. The number of building permits was up substantially from the year before and things are still looking strong.

The City of Sioux Falls issued 628 building permits last year for single-family homes. It's an increase of around 80 percent from the year before.

"It really means a lot.  It shows both consumer and builder confidence too," Realtors Association of the Sioux Empire President-Elect Brandon Martens said.

Martens says any time he sees numbers like this, it's great news for realtors and for people looking to get into the business.

"You've seen more realtors going through classes as well as just being more involved with what the market is doing.  I think it’s a positive all the way across the board," Martens said.

In 2011, building permits hit a 10-year low.  Realtors Association Board Member Todd Thoelke says that meant there weren't many speck homes on the market.

"That’s why building is up; building permits are up. People are needing to go and talk to their builder and get something started because there’s not enough on the market right now which helps us for existing homes," Thoelke said.

Thoelke says many people building new homes may not go through a realtor but they usually do when they sell their old home. So it's good news no matter how you look at it.

"It's just good for all of us. We work hand-in-hand with the Homebuilders Association.  When they're doing good, we're doing good. If building permits are up, that means existing home sales are up as well, which the numbers are indicating,” Thoelke said.

Both Thoelke and Martens also say it's a great job creator as well. With more homes being built, builders need to hire more people to keep up with the demand.

Previous Story

Next Story


Comments







 
Find Local Businesses on KELO Pages!

View business

You may also like

Millions Of Android Phones At Risk For Heartbleed

4/15/2014 4:10 PM

If you've got an Android phone, your device could be susceptible to the Heartbleed security problem.

Full Story
Shrimp Prices Soar

4/16/2014 11:00 AM

The next time you order shrimp scampi of the menu, you may be in for sticker shock. 

Full Story
Headliners For JazzFest Announced

4/17/2014 10:54 AM

Plans are in place for JazzFest 2014 in Sioux Falls.

Full Story
Key Unlocks Gas Pumps For ID Thieves

4/14/2014 10:10 PM

Drivers who've fueled up in Rapid City are being warned that their debit and credit card numbers may have been stolen after "numerous" s...

Full Story | Watch
Harrisburg Sports Complex Nearly Complete

4/16/2014 7:15 AM

Perfect Practice Sports Academy is much bigger on the inside than what it looks like from the front doors. Soon, athletes of all a...

Full Story | Watch


Events

 
 
KELOLAND TV: 501 S. Phillips Avenue, Sioux Falls, SD 57104
Phone: 605.336.1100 · Breaking News call: 1-800-888-5356
Web Site Design and Custom Programming By: Lawrence & Schiller© 2014 KELO-TV -- KELOLAND.COM -- ALL RIGHTS RESERVED