Home BizBuzz Putnam construction numbers in June continue strong pace, market watch

Putnam construction numbers in June continue strong pace, market watch

July 2, 2024

36 permits worth $9.4 million of construction were issued in the county

According to recently released numbers, construction permits in Putnam County continued at a strong pace in June. 36 permits worth $9.4 million of construction were issued in the county.

26 of those were for new single-family residential homes, and that number is very reminiscent of last year in June which also saw 36 permits. Those permits were worth $5.9M, and only 18 were built for single family builds.

Nationally, by comparison, authorizations for single family homes in May was 949,000 (2.9% below April’s number of 977,000). Single‐family authorizations in May were at a rate of 949,000; this is 2.9% below the revised April figure of 977,000. Building Permits for privately‐owned housing units nationally in May sat at 1,386,000, according to www.census.gov/.

Nationally in the month of May:

Building Permits: 1,386,000
Housing Starts: 1,277,000
Housing Completions: 1,514,000
Construction spending: $2,139.8 billion

“June permits generated $35,035 in fees which operates the Building Codes Department,” said Putnam County Mayor Randy Porter. “For the Fiscal Year (July 2023-June 2024) 397 permits, $86.9 million in construction with 247 new homes.”

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

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
31	6,679,000	38	7,570,900
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