The building boom continues! For those of you who have not been on Island since last summer, you may be shocked by the amount of new construction you’ll see when you return this summer. Every neighborhood has construction happening. Fiscal Year 2015, July 1, 2014 to June 30, 2015, saw the most building permits issued by a wide margin. I imagine FY16 is going to be right there with 2015, if not beyond. Since the late ’90’s building permits issued have averaged around 1,200 per year. This bottomed in FY09 with just under 1,000 permits being issued. Since then:
FY10, approx. 1,150; FY11, 1145; FY12, 1406; FY13, 1639; FY14, 1797; FY15, 2010! Building permits issued between the low of FY09 and the high of FY15 were more than double! Is that why my Contractor won’t call me back?!
Great time to be in the trades:-)
