Great News For Amarillo Texas
AMARILLO CONSTRUCTION SPENDING BEST SINCE '05
AMARILLO (Amarillo Globe-News) – Area construction spending is at its highest since a record set seven years ago.
Permits were issued for $440.9 million in projects during 2012, the highest value of permits in Amarillo since 2005, when permits totaled $454.8 million. The value of permits issued in December alone was $115 million, much of that for The Residences at Town Square, a four-story, 480-unit luxury apartment community planned by The Williams Group.
About a third of Amarillo’s construction spending — $131.6 million — was dedicated to single-family home building. Builders started 530 homes in 2012. That total is short of the 758 homes permitted in 2005, which was partly attributed to the rebuilding that took place after a June 2004 hailstorm that caused $175 million in insured damage losses.
After a lag in commercial building, businesses began new projects totaling $211.4 million last year, nearly double the $109.3 million in 2011.
This information is presented by:
Connie Taylor
Keller Williams
Information is deemed to be reliable, but is not guaranteed.
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