Home News Putnam construction permits up year-over-year, market watch

Putnam construction permits up year-over-year, market watch

August 7, 2024

Manufacturing construction will increase almost 14% this year before stabilizing in 2025

Construction continues at a steady pace, according to Putnam County Mayor Randy Porter. In July, the county saw 40 permits worth $7.7M of construction. 18 of those were for new single-family residential homes.

According to AIA.org, the “largest, most influential network of architects and design professionals,” midyear update projects construction spending to gain momentum this year, but stall in 2025. AIA has more than 98,000 members.

“Spending on nonresidential buildings is projected to increase over 7% this year, but then slow to only 2% growth next year,” according to the website. “Commercial facilities activity effectively will be flat this year and next, manufacturing construction will increase almost 14% this year before stabilizing in 2025, and institutional construction will see a more than 10% gain this year before slowing to 4% in 2025.”

The Putnam number is up year-over-year. In July 2023, Putnam County had 36 permits for $8.4 million with 23 being new single-family homes.

“July permits generated $31,267 in fees which operates the Building Codes Department,” according to Porter. “Remember these are numbers for Putnam County that 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	40	7,740,700
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

407	90,340,953	408	82,216,860	232	52,700,165