Wednesday 26 August 2009

July building hits half million

There was $594,670 worth of building started in Cramahe in July. Comparisons with last year would be unfair, as HD Supply and Cambro Lasertek began major building projects worth almost $7 million.

However, with those two projects not included, July, 2008 building was still more than double the total for this July. That was largely due to three home starts worth $888,000 in 2008. This July there were two new home starts worth $415,000. Both were in the villagea of Colborne. One was in Colborne Creek. The only other significant item in July, 2009 was an $80,000 renovation to a single-family home at 56 King Street East.

This year there have been eight home starts and 54 permits issued. At this time last year there were 14 home starts and 65 permits. Two years ago there were 20 new home starts by the end of July and 83 permits. In 2005 the township was averaging five homes a month. There has not been a million-dollar month this year.

Total building to date in Cramahe in 2009 is $2,167,820. Last year at this time, if we don't include the two industrial additions, the total was about $5 million. Two years ago the total at the end of July was $5.25 million.

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