HBA report shows construction rebound
Based on a recent report, the construction industry in the Fargo-Moorhead area is off to its strongest start since 2006.
The Home Builders Association of Fargo-Moorhead released its 2012 first-quarter building permit report for Dilworth, Fargo, Moorhead and West Fargo during a press conference recently.
Total construction value for the first quarter is nearly $80 million, an increase of 62 percent from the previous year. Housing start totals also are up more than three times the number of units in first quarter of 2011.
"These numbers are a breath of fresh air for an industry that has been plagued by wet springs and shortened building seasons over the last three years," HBA President Terry Becker said.
Moorhead, Fargo and West Fargo each saw a large increase in housing starts compared to last year: West Fargo made the biggest jump, from 11 units to 41 units; Fargo, from 10 units to 26 units; and Moorhead, from one unit to seven units.
Along with new housing, both total permit numbers and construction values increased for residential remodeling, new commercial and commercial remodeling.
In 2012, West Fargo's total construction value was approximately $12.4 million, a marked increase from the $4.4 million of the previous year. The 20-year average for West Fargo is 70 total units per year and approximately $6 million.
HBA Executive Vice President Bryce Johnson said builders featuring houses on the Parade of Homes experienced phenomenal traffic the first weekend of the event.
The Parade of Homes ended last week.