Tri-County Construction Quarterly Highlights Increase in Permit Values

CONSTRUCTION QUARTERLY HIGHLIGHTS INCREASE IN PERMIT VALUES TOTAL CONSTRUCTION VALUES UP BY NEARLY $32M IN Q2

NORTH CHARLESTON, SC (Sept. 24, 2018) – Total construction permit values in the tri-county area increased by $31.6 million, or about four percent, to $737 million during the second quarter of 2018, according to data recently released by the by the Berkeley-Charleston-Dorchester Council of Governments (BCDCOG).

Other key takeaways from the Council of Governments Q2 Construction Quarterly report include:

• Commercial construction permit values increased by 46% ($73 million)

• New construction permit values increased 3% ($21.9 million)

• Single Family permit values increased 14% ($57.7 million)

Construction Quarterly provides a detailed analysis of the construction trends in the region. Sectors analyzed include commercial, single family, single-family attached, multi-family, and renovation construction.

“We continue to see positive growth in permit values across most types of construction in the region, which is a sign of ongoing economic momentum,” said BCDCOG planning director Kathryn Basha.

The full report can be viewed here.

ABOUT BCDCOG:
The BCDCOG is a voluntary association of, by and for local governments, and was established to assist Berkeley, Charleston and Dorchester county leaders in planning for common needs, cooperating for mutual benefit, and coordinating for sound regional development. BCDCOG’s purpose is to strengthen the individual and collective power of local governments and to help them recognize regional opportunities, eliminate unnecessary duplication, and make joint decisions. For the latest on BCDCOG, visit www.bcdcog.com, like us on Facebook or follow on Twitter at @BCDCOG.

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MEDIA CONTACT:
Daniel Brock
Rawle Murdy Associates
(919) 820-2612
dbrock@rawlemurdy.com