Clark County homebuilding improves as commercial work declines
Tuesday, April 10, 2012
Clark County’s homebuilding industry exhibited signs of recovery in March, with 43 permits issued to build single-family houses in unincorporated parts of the county, up slightly from the 40 permits issued in the same month last year.
In the three months ending in March, a total 94 permits for homebuilding were handed out in Clark County, a 38 percent increase from the 68 permits issued during the same three months in 2011, the Clark County Department of Community Development reported.
The total value of housing permits issued in the first three months of this year was $31 million, up 41 percent from $22 million in the first quarter last year.
In the meantime, commercial construction continued to falter in Clark County. In the first three months of the year, contractors took out permits valued at $9.2 million for office, retail and industrial projects. That was down 29 percent from $13 million in commercial work permitted during the same three months in 2011.