At More Than $720 Million, Sioux Falls Breaks Building Permit Record for the Fifth Straight Year
Today, City officials announced a fifth consecutive record-breaking year of construction values. The construction valuation for building permits issued by Building Services in 2017 reached $720,369,333 by 3:30 p.m. on Wednesday, December 13. Last year’s record (2016) was $701.9 million, and the previous record set in 2015 was $676.3 million. 2014’s total was $619.5 million, and the total in 2013 was $588.2 million.
“The confidence, the momentum and yes, the record breakers just keep growing, and I can’t thank the builders, investors and dreamers enough for making it happen. Look what you’re accomplishing, Sioux Falls!” says Mayor Mike Huether.
The project that put the record over the top in 2017 was Avera Health’s new campus at 69th Street and Louise Avenue, what likely will be the largest building project in Sioux Falls’ history. On Wednesday, a building permit for $24 million of construction valuation was issued for the shell for the project. The 82-acre campus eventually will include $174 million worth of projects and is slated to open in early 2020.
This year’s record was also driven in part by the continued strong demand for housing. So far in 2017, a total of 745 new single-family homes have been permitted in Sioux Falls, as well as 1,222 multiple-family units and 422 townhome units.
“It’s clear Sioux Falls is fostering an incredible quality of life when new homes are one of the biggest drivers of growth in our community. People often are choosing to live in Sioux Falls first and foremost and then seeking out job opportunities and other ways to contribute,” says Mike Cooper, Director of Planning and Building Services.