December Building Permit Summary

From the City of Central

            Building permits slowed during the month of December 2011 within the city of Central. A total of 7 new residential permits were issued.  The total building valuation of these permits was $1,826,074.

            Within these permits, two were issued in Burlington Lakes with an average valuation of $158,998; three in Village at Magnolia Square with an average valuation of $300,292; one in Indian Mound with a valuation of $251,262; and one in Bellingrath Lakes with a valuation of $355,940.

             For the year 2011, a total of 136 new residential building permits were issued.   As a comparison, in 2009, there were 90 new residential permits issued, and in 2010, there were 138 new residential permits issued.

            Building valuation is the price based upon the square footage of the home used for permitting purposes.  The actual selling price of the home is usually higher than the valuation and depends upon amenities installed by the builder.