Building activity down 5% in the Fort Smith metro for the first nine months of 2019

by Tina Alvey Dale (tdale@talkbusiness.net) 284 views 

Building activity in Fort Smith, Van Buren and Greenwood dropped in September from August’s robust numbers, but totals remained high. The three cities issued $25.192 million in building permits in September, down 10% from August’s $28.115 million but up 194% from September 2018.

This month helped push 2019’s numbers for the region closer to 2018’s numbers for the first three quarters. Year-to-date building activity for the region is $161.468 million, down just 5% from 2018’s permitted activity of $169.428 million for the same time.

Fort Smith saw a busy month in residential growth with $5.847 million in permitted activity. Though this is down 14% from August’s impressive $6.79 million in new residential construction, it is up 174% from September 2018, which had $2.13 million in residential new construction. This includes new construction in the Haven subdivision, Stoneshire at Chaffee Crossing and Fuller Estates.

New commercial permits came in at $1.118 million in September, down 79% from August’s $5.382 million but well ahead of September 2018’s $20,000 in new commercial construction.

For the month, the region’s largest city issued 250 permits with a total value of $15.735 million, down 38% from August’s $25.342 million. The month, however, was a 117% increase from the $7.235 million in September 2018.

Van Buren, the region’s second largest city, had a big month, issuing 48 permits totaling $8.504 million, up 388% from August’s total of $1.743 million and up 597% from September 2018’s $1.22 million total. The September total included $868,000 on six residential permits and $7.636 million on seven commercial permits, including a $6.01 million new construction project for Tankersley Food Service at 3201 Industrial Park Road, adjacent to their current building.

Greenwood had eight permits in September totaling $951,893, down 7.6% from $1.03 million on six permits in August. Year-to-date, Greenwood has logged $7.123 million, up 49% compared with the same period in 2018.

REGIONAL BUILDING ACTIVITY RECAP
Combined total for the three cities
2018: $211.463 million
2017: $210.844 million
2016: $211.345 million
2015: $218.899 million
2014: $198.983 million
2013: $202.389 million
2012: $154.64 million
2011: $201.079 million
2010: $149 million
2009: $164 million

Fort Smith
2018: $187.678 million
2017: $169.958 million
2016: $185.783 million
2015: $191.631 million
2014: $174.252 million
2013: $185.057 million
2012: $136.248 million

Van Buren
2018: $17.629 million
2017: $19.665 million
2016: $15.327 million
2015: $16.009 million
2014: $7.918 million
2013: $8.283 million
2012: $8.609 million

Greenwood
2018: $6.156 million
2017: $15.23 million
2016: $10.235 million
2015: $11.259 million
2014: $16.813 million
2013: $9.049 million
2012: $9.983 million

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