Annual construction permits are threatening to reach the $1 billion mark in Northwest Arkansas’ four largest cities.
Through the month of November this year, $907.49 million in residential and commercial building permits have been issued in Bentonville, Fayetteville, Springdale and Rogers. The total has already eclipsed the $902 million in permits issued all of last year and $773 million in 2014.
Broken down by sector, residential permit value in the four cities through the first 11 months this year totaled $417.65 million, up 16.4% from $358.79 million for the entire year in 2015. Commercial permit value through the first 11 months totaled $489.81 million, up 8.6% from $450.88 million in all of 2015.
November permit values in the four cities totaled $71.84 million, a drop of 20% from $89.73 million in November 2015. Activity was flat compared to October, when new permit values totaled $71.53 million.
Bentonville has the largest year-to-date permit value with $308.97 million through the first 11 months, while Fayetteville had permits totaling $219.34 million. Construction activity in Springdale totaled $202.48 million through November, and in Rogers the building permit value was $176.70 million.
The four cities reported $27.82 million in new residential permits in November, down nearly 13.8% over the same month in 2015, when permit values totaled $32.31 million. The number of permits, however, was essentially flat, with 125 issued in November, compared to 128 issued in the same month in 2015.
Following are the residential permit values for each city in November.
• Bentonville: $13.45 million, up from $8.87 million in November 2015; 41 permits
• Fayetteville: $5.44 million, down from $7.16 million in November 2015; 44 permits
• Springdale: $18.39 million, up from $7.62 million in November 2015; 16 permits
• Rogers: $4.67 million, down from $8.66 million in November 2015; 24 permits
Building permits took a dip in November to $43.99 million, down from $57.92 million in November 2015.
Bentonville led the way last month with $24.18 million in commercial construction permits. C.R. Crawford Construction was issued a permit valued at $17.2 million to build a 200,000-square-foot warehouse at 5000 S.W. Regional Airport Blvd.
Springdale also saw an uptick in commercial permits in November, thanks to Tyson Foods Inc. A renovation project permit at the company’s headquarters on Don Tyson Parkway, being led by Milestone Construction, is valued at $9.18 million. For the month, Springdale issued new commercial permits valued at $13.68 million, up from $7.16 million the same month in 2015.
In Rogers, the city’s commercial permits totaled $3.58 million, up from $1.92 the same month last year. Commercial permit value in Fayetteville was $2.55 million last month, down from $6.24 million in November 2015.