New-home permits rise nearly 10%The rate at which...

Maryland Watch

April 05, 1996

New-home permits rise nearly 10%

The rate at which homebuilders obtained permits for new homes in metropolitan Baltimore rose nearly 10 percent in January, compared with January 1995, according to the Baltimore Metropolitan Council.

The council said the Blizzard of '96 may have slowed construction during the month, which is normally very slow for construction-related businesses. The full report painted a more mixed picture than the bottom-line numbers, as a handful of large projects took the edge off an otherwise very slow month for both residential and nonresidential construction.

In the housing industry, for example, the number of permits for single-family homes fell 18 percent. But strong figures for condominium and apartment permits salvaged overall numbers.

The picture was similar for commercial construction. The value of all new commercial projects permitted was up 6.3 percent, to $19.2 million, but in the larger market for additions and repairs, 12 percent fewer permits were approved. Commercial permits were led by USF&G Corp.'s $7 million parking garage in Mount Washington and a $5.1 million Home Depot outside Annapolis.

Pub Date: 4/05/96

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