Home News Putnam construction numbers down, market watch

Putnam construction numbers down, market watch

September 3, 2024

County Building Codes Department gained $18,022 in fees

Construction numbers in August are down in the county compared to recent months, according to Putnam County Mayor Randy Porter. Porter says he isn’t sure if this is the start of a trend or just a “one-month fluke.”

“August had 28 permits for $3.9M of construction, with 12 of those being for new single-family residential homes,” said Porter.

This while national construction spending has increased 0.5%, according to AGC.com, and all major segments posted year-over-year increases mostly strengthened by manufacturing, power office and highway and street construction which offset decline in commercial construction.

“Residential spending grew by 0.6% from July to August,” according to AGC.com. “Single-family homebuilding contributed the majority share of the growth, expanding by 1.7% for the month. New multifamily construction was up 0.6% compared to July.”

In comparison, Aug. 2023 had 38 permits in Putnam County for $7.5 million with 19 of those being new single-family homes. The County Building Codes Department gained $18,022 in fees from revenue created by July permits. These numbers do not include any of the four cities in Putnam County.

Here are the numbers for prior years as a comparison:

2022		2023		2024
Permits	Total Amount	Permits	Total Amount	Permits	Total Amount
28	8,516,500	20	4,990,900	22	3,886,300
39	7,960,443	37	6,653,700	34	8,245,155
30	6,355,500	34	8,705,474	25	7,056,360
46	9,177,568	35	6,924,500	42	8,903,850
39	6,575,375	40	7,075,300	33	7,391,000
51	15,624,742	36	5,922,400	36	9,476,800
41	9,911,325	36	8,456,000	40	7,740,700
31	6,679,000	38	7,570,900	28	3,905,000
30	7,751,000	37	6,171,496
39	5,533,500	47	9,429,590
22	5,041,000	23	4,487,600
11	1,215,000	25	5,829,000

407	90,340,953	408	82,216,860	260	56,605,165