Home BizBuzz Construction strong in Putnam County

Construction strong in Putnam County

November 2, 2023

Twenty-nine permits were for new single-family residential homes

Putnam County – October had 47 permits for $9.4 million worth of construction in the county, according to numbers from Putnam County Mayor Randy Porter.

Twenty-nine permits were for new single-family residential homes. In comparison, October 2022 had 39 permits for $5.5 million with only 12 of those being new single-family homes. The average price of new homes permitted in September was $300,758 compared to September 2022 of $350,416.

“In the last few months, we have seen a decline in the average cost of the homes being built,” said Porter. “Some of that could be building materials lower than last year, higher interest rates or contractors building more affordable homes.With two months to go in the calendar year, we may get close to last year’s record. Time will tell.”

The numbers are for Putnam County do not include any of the four cities.

Here are the numbers for prior years as a comparison:

	2021		2022		2023
	Permits	Total Amount	Permits	Total Amount	Permits	Total Amount
January	21	6,259,335	28	8,516,500	20	4,990,900
February	14	1,794,700	39	7,960,443	37	6,653,700
March	52	11,445,470	30	6,355,500	34	8,705,474
April	40	6,648,166	46	9,177,568	35	6,924,500
May	32	4,588,000	39	6,575,375	40	7,075,300
June	26	3,848,100	51	15,624,742	36	5,922,400
July	26	3,306,000	41	9,911,325	36	8,456,000
August	26	4,066,823	31	6,679,000	38	7,570,900
September	49	8,220,500	30	7,751,000	37	6,171,496
October	38	7,145,878	39	5,533,500	47	9,429,590
November	35	7,481,500	22	5,041,000
December	29	5,023,100	11	1,215,000

TOTALS	388	$69,827,572	407	90,340,953	360	71,900,260