February 26, 2014
DAYTON — Dayton region builders pulled 1,518 new single family residential building permits in 2013 up from 1,444 for 2012, for a 5.1 percent increase. This has been the best year for permits of single family home construction since 2007 when 2,159 permits were pulled by Dayton region home builders.
The residential new home construction industry is still challenged after declining just over 70 percent from its peak in 2004. The total number of permits including multifamily – apartments and condominiums – has remained relatively flat since hitting bottom in 2010.
Local builders rang in January 2014 with some of the most brutal weather conditions in the past decade and permits reflected so with only 67 being issued. Many builders held off picking up permits until improved weather conditions allow home foundations to be installed without the encumbrances of the frozen ground.
“While still below the estimated normal permit level, the three consecutive years of gradual increases after six years of steep declines, HBA builders are feeling more optimism towards the upcoming building season,” Walt Hibner, executive director of the Home Builders Association of Dayton, said. “Single family permits increase of 5.1 percent is an important indicator that the home buyers’ confidence levels have continued to rise over the past three years. HBA builders are embracing the better market while at the same time scrambling to find skilled labor and desirable building lots.”
In 2011 the top builder had 28 percent of the Dayton regional market. The top ten builders in 2011 built 60 percent of the new homes in the Dayton region. In 2013 the top builder had 20 percent of the Dayton regional market. The top ten builders in 2013 built 57 percent of the new homes in the Dayton region.
In Greene County, the City of Beavercreek issued 56 permits for 2013 and the once sleepy Vineyards of Bellbrook issued 21. In Fairborn, Waterford Landing continued its strong momentum and ended up with 27.
And Warren County’s Winding Creek Village pulled 49 in addition to the ten pulled in the Montgomery County portion for a total of 59. Monroe Crossings pulled 52 for 2013.
For 2013, Montgomery County’s Carriage Trails development was leader pulling 128 new permits. The leading township was Washington Township with 108 permits, Oak Pointe in Moraine had 22, Washington Trace had 35 permits and on the upper end, Trails of Saddle Creek has 24.