YTD residential building permits outpace numbers From 2017

by Paul Gatling ([email protected]) 454 views 

Boosted by strong numbers in Fayetteville, residential building activity in Northwest Arkansas’ four largest cities remains ahead of last year’s pace by about 20%.

Permits in Fayetteville, Bentonville, Rogers and Springdale totaled about $186.34 million through the first four months of the year. That compares to $155.08 million in the same period last year. Permits were issued for 633 single-family homes in those four cities through April, up 5.3% from 601 in the January-April period of 2017.

In Fayetteville there were more permits (255; $56.67 million) issued in the first four months than in Rogers and Springdale combined (211; $54.34 million). The most valuable homes, though, are in Bentonville, where 167 residential permits had a combined value of $75.34 million, an average of about $451,000.

In the month of April, Fayetteville issued 63 residential permits with a combined value of $13.59 million. That came on the heels of 104 permits at $23.29 million in March. Bentonville issued 37 permits in April with a combined value of $10.46 million.

There were 30 permits issued in Rogers in the month if April, worth $8.47 million. In Springdale, the city also issued 30 permits valued at a combined $6.98 million.

The city with the greatest momentum, however, in residential building is Bella Vista. The city issued 97 permits in the first four months of the year with a combined value of $25.12 million. That is a drastic uptick from the same four-month period of 2017 (57; $14.76 million) and 2016 (25; $6.45 million.)