YTD residential building permits outpace numbers From 2017

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.)