SAN BENITO - The construction value of new commercial and residential building projects reached $16.7 million in 2013, according to city permit data.
In 2013 the city reported the following:
• 57 housing starts with a construction value of $4.8 million;
• 69 commercial construction projects with a value of $11.9 million; and
• a $7.2 million, 100-unit apartment complex at 698 Stookey Rd.
New home construction shows the local housing market is rebounding, according to Pete Avila, a representative for D.R. Horton. The city issued the developer 31 construction permits for homes with average values of $138,000 in 2013.
“That’s a strong indication that the housing market and the economy is bouncing back,” said Avila. “We’re looking for a good strong year this year.”
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