How did Alabaster’s housing market fare in November?

 

By NEAL WAGNER / Managing Editor

ALABASTER – The city’s new home building market likely will post lower year-end numbers for 2017 compared with the previous year, while Alabaster’s commercial building market likely will take a leap forward, according to numbers recently released by the Alabaster Fire Department’s Planning and Safety Division.

City Council members reviewed the year-to-date numbers through the end of November during their Dec. 28, 2017, meeting, which is the most recent report released by the Planning and Safety Division.

In November, the city issued six new home building permits for projects valued at a total of about $1.9 million, bringing the city’s year-to-date total to 73 new home permits for projects valued at a total of about $21.4 million.

By comparison, the city had issued 94 new home building permits for projects valued at about 22.8 million during the same time period in 2016.

Residential addition and remodel permits are up significantly compared to 2016, as the city had issued 252 such permits through the end of November for projects valued at a total of about $4.5 million. During the same time period the previous year, Alabaster had issued 190 permits for projects valued at a total of about $3.2 million.

In the commercial building sector, the city had issued permits for 18 new buildings valued at a total of about $10.6 million through the end of November, compared to 11 such permits for projects valued at about $5.4 million through the first 11 months of 2016.

The number of commercial renovation permits are down, but the value of the projects is up.

At the end of November, the Planning and Safety Division had issued 36 permits for projects valued at a total of about $4.6 million, compared to 52 permits for projects valued at a total of $3.2 million through the first 11 months of 2016.