Residential building permits in NWA’s four largest cities down 18% in 2017, Bella Vista up 98%
by January 25, 2018 7:48 am 1,475 views
The number of residential building permits issued in Northwest Arkansas’ four largest cities last year was collectively down 18% from the previous year.
According to the data from each city, there were 1,563 residential building permits issued in Bentonville, Fayetteville, Rogers and Springdale. That’s a sharp decline from 1,915 permits issued in 2016, but more in line with 1,580 permits issued in all of 2015.
The combined value of the residential permits issued last year was $438.36 million, down about 2% from $446.69 million in 2016 but well ahead of the 2015 amount of $358.80 million.
Bentonville paced all four cities with 466 permits with a combined value of $153.15 million. That compares to 2016 totals of 587 permits and $171.55 million.
Fayetteville issued 388 permits last year with a combined value of $92.51 million. That’s also down from 2016 totals of 494 permits and $106.83 million.
In Rogers, the city issued 356 permits with a value of $96.66 million. That reflects a decline from 519 permits in 2016, but a slight increase from a combined value of $89.79 million.
Springdale is the only city among the region’s four largest that improved its residential building activity last year. The numbers improved from 315 permits with a combined value of $78.52 million in 2016 to 353 permits and a combined value of $96.02 million in 2017.
In Bella Vista, residential building activity closed out a strong year with 194 permits. That’s up from 98 permits in 2016, 68 in 2015 and 51 in 2014.