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Construction Rebounding - Valley News Live - KVLY/KXJB - Fargo/Grand Forks

Building Rebounding

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“People are interested in new homes and excited about the upcoming building season. This building permit report reflects that,” - Terry Becker “People are interested in new homes and excited about the upcoming building season. This building permit report reflects that,” - Terry Becker

The Home Builders Association of Fargo-Moorhead told reporters during a news conference Tuesday morning that the construction industry in the Fargo-Moorhead area is off to its strongest start since 2006.

HIGHLIGHTS

  • Total construction value for the first quarter is almost $80 million, which is up 62 percent from the previous year. Housing start totals are up over three times the number of units in first quarter of 2011.

"These numbers are a breath of fresh air for an industry that has been plagued by wet springs and shortened building seasons over the last three years," said HBA President Terry Becker, Terry Becker Construction, LLC.

  • Moorhead, Fargo and West Fargo each saw a large increase in housing starts compared to last year: West Fargo made the biggest jump, from 11 to 41; Fargo, from 10 to 26; and Moorhead, from one to seven starts in 2012. Along with new housing, both total permit numbers and construction values increased for residential remodeling, new commercial and commercial remodeling. 

"The industry still faces some large hurdles in upcoming flood insurance mandates and the long wait for permanent flood protection," Becker says. "But with our strong local economy, the housing needs are prevalent and that's a good thing because we are putting people to work and creating jobs."

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