November had 23 permits worth $4.5 million of construction in Putnam County
Putnam County – In November, construction numbers remained average for the area, according to Putnam County Mayor Randy Porter.
November had 23 permits worth $4.5 million of construction. Thirteen of those were single-family residential homes. In comparison, Nov. 2022 had 22 permits for $5 million with 15 being new single-family homes.
Average price of the new homes permitted in November was $320,769 compared to $286,200 in Nov. 2022.
“This November there were two homes valued at almost 1 million each, which skewed the numbers somewhat,” said Porter.
Nationally, construction spending during Oct. 2023 was estimated to be $2,027.1 billion, up 0.6%. In September that spending number was estimated to be $2,014.7 billion. Spending on private construction was $1,579.3 billion nationally, up 0.8% above the revised September estimate of $1,567.9 billion. Residential construction was at a seasonally adjusted annual rate of $884.4 billion nationally in October, 1.2% above the revised September estimate of $873.6 billion.
The numbers 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 | 23 | 4,487,600 |
| December | 29 | 5,023,100 | 11 | 1,215,000 | ||
| TOTALS | 388 | $69,827,572 | 407 | 90,340,953 | 383 | 76,387,860 |
Local construction numbers
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