Tyler residential permits up in 2012 despite commercial dipTyler residential permits up in 2012 despite commercial diphttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=83552013-02-04T16:15:00Z2013-02-04T00:00:00Z

TYLER - The City of Tyler issued 5,826 permits in 2012, a 0.85 percent decrease from 2011, when 5,876 permits were filed. Although the city of Tyler saw a decline in total building permits and valuations in 2012, residential construction spiked 22.35 percent compared with the year before.

Valuation of all permits in 2012 was $237.6 million, a decrease of $30 million, or 11.2 percent, compared with the $267.6 million valuation of all permits filed in 2011.

While 2012’s numbers were down for entire year, the city saw an increase in activity in fourth quarter 2012 with total permits up 21 percent and revenue up 60 percent compared to 4Q 2012.

The city had 53 new commercial buildings constructed in 2012, a decrease of 25.35 percent compared to 71 new construction permits filed in 2011. Last year’s new commercial permits valuation was $46.6 million, a 40.45 percent decline from the new commercial construction valuation of $78.2 million in 2011.

There were 208 new residences constructed in 2012, a 22.35 percent jump from the 170 new residential permits filed in 2011. Valuations for new residential permits were $59.9 million in 2012, a 10.42 percent increase from the $54.2 million in 2011.

The city collected $763,981 in permit fees in 2012, a decrease of 7.55 percent from the $826,385 in fees collected in 2011.

Read more at the Tyler Morning Telegraph.

Tyler Morning Telegraph
http://www.tylerpaper.com/article/20130203/business/130209962/0/searchRead more at {Source}

 Search NewsTalk Texas