November was a quiet month with only $313,200 in permits issued. Of that total, $200,000 went to work done at 4218 County Rd. 25. There were no new homes started. As of the end of last month, 14 homes were started in 2009, down five from the same time a year ago. In 2007 32 homes had been started by the end of November. Four years ago there were 26.
Even with the new school and the Tim Horton's building this year is not quite what it was a year ago when the HD Supply building topped the list. With one month left in 2008 the township had over $13 million on the books.
The total value of construction in Cramahe has steadily grown in the past four years. In 2006 it was close to $7 million; in 2007 it rose to $8.5 million.
Despite the increased numbers the trend in housing starts seems to be on a downward slide. Four years ago the average was five homes per month. In 2006 just over two homes per month were given permits. In 2007 the number rose to almost three a month. The township is currently on track to complete barely one home per month.
No comments:
Post a Comment