Monday, December 08, 2008
In this tough economy, people don’t seem to be building so much as they are remodeling their existing homes. As to be expected, it seems like the mantra as of late is “fix up what I’ve already got.” As far as new construction goes, Steamboat Springs saw only 1 building permit issued in October this year for the construction of a single-family home. Permits for alterations and additions however were in double figures.
This time last year, available builders were in short supply. Construction costs were on the rise as well. Homeowners seem to be taking advantage of the slowed agenda for these builders, seeing as how 14 households undertook remodels this October.
Another tell-tale sign of slowed construction is that of inspections. October’s 467 inspections performed is down by more than 100 from the 592 inspections in October of last year.