Alabaster new home market catches up with 2017

By NEAL WAGNER / Managing Editor

ALABASTER – For the first time this year, Alabaster’s new home building market has surpassed last year’s total valuation, while the commercial building market also continues to far exceed 2017’s numbers.

Alabaster City Council members reviewed the Alabaster Fire Department Building and Fire Prevention Department’s numbers through the end of June during their July 23 meeting, and reported positive news on both the residential and commercial building fronts.

The city issued 12 new home building permits in June – the best month of the year so far – for homes valued at a total of about $3.7 million.

Through the first six months of the year, the city had issued a total of 32 new home building permits for projects valued at a total of about $9.5 million. In comparison, the city had issued a total of 35 new home building permits for projects valued at a total of about $9 million during the same time period last year.

Residential addition and remodel permits are also up over last year.

Through the end of July, the city had issued 143 residential addition and remodel permits for projects valued at a total of about $2.4 million, compared to 142 such permits for projects valued at about $2.2 million during the same time period last year.

The valuation of Alabaster’s commercial building sector is up significantly over last year’s numbers.

Through June, the city had issued six permits for new commercial buildings for projects valued at a total of about $5.5 million, compared to eight such permits for projects valued at a total of about $4 million last year.

In the commercial addition and remodel sector, the city had issued 19 permits for projects valued at a total of about $4.7 million, compared to 22 such permits for projects valued at a total of about $2.3 million during the same time period in 2017.