4.13.2010

AMARILLO HOUSING STARTS RISE, COMMERCIAL STARTS DECLINE

AMARILLO HOUSING STARTS RISE, COMMERCIAL STARTS DECLINE


AMARILLO (Amarillo Globe-News) – First quarter 2010 brought more single-family home starts into the city than in 2009, but projects and construction spending in the commercial sector fell behind.

Builders began 169 new homes worth a combined $36.6 million in Amarillo in the first three months of 2010. This was up from 108 home starts worth $25.5 million in first quarter 2009, according to City of Amarillo permit data.

Commercial construction fell to 16 projects worth $11.3 million last quarter from 19 projects worth $21.6 million a year ago.

Commercial remodeling, including interior completion of unfinished lease space, fell from $45.8 million on 73 projects in first quarter 2009 to $31.6 million on 90 projects this year.

The city issued 244 permits for commercial and residential new construction, remodeling, roofing and demolition worth $83.3 million in the first three months of this year.

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