breaking news

Trump intends to declare NKorea a state sponsor of terror

New home sales explode: 2016 top year in past decade


Local home builders are enjoying a resurgence, hitting their highest number of permits pulled for single-family homes in a decade.

Dayton region residential builders in all of 2016 pulled 1,886 permits for single-family homes, which represents a 12.3 percent jump from 1,680 total in 2015, according to the Home Builders Association of Dayton.

RELATED: Ohio foreclosures reach 10-year low

Combining single family, apartment and condo units, a total of 159 residential new building permits were issued for December 2016, up 20.5 percent from 132 permits issued in December 2015.

RELATED: The skilled trades are in demand in the Miami Valley.

The total number of permits for 2016 is 2,680 versus 2,008 in 2015 and 2,184 in 2014, the association reported Tuesday.

“It was a super successful year for us,” said Kathleen Unger, executive director of the association.

RELATED: Skilled trades are becoming ‘lost arts’

The number of permits number single-family homes in 2016 also exceeds 2014 (1,504 permits), 2013, (1,520) and 2012 (1, 444).

The 2016 single-family homes number is the association’s highest since 2007, when 2,159 permits were pulled.

In permits for total buildings by year, 2016’s number of 2,680 was a 33.5 percent improvement over 2015.

The total unit number for 2016 also represents the area’s best performance since 2007, when 2,484 permits were pulled, according to association data.

Dayton-area home sales rose in December 9.5 percent above the same month a year ago, ending 2016 as the best year on record for sales of existing homes, the Dayton Area Board of Realtors said at the time.

A new December record of 1,175 single-family homes and condominiums were sold in December in the Dayton area, compared to 1,073 sales in December 2015.



Reader Comments ...


Next Up in Business

STEM is where the jobs are
STEM is where the jobs are

STEM is and will be where the jobs are, according to a government assessment. The good news in the Dayton area is that educators are producing students ready for STEM fields, with steady growth in undergraduate STEM degrees in the past few years. The U.S. had nearly 8.6 million science, technology, engineering and math (STEM) jobs in 2015; and from...
Holiday spending to increase in Ohio, region
Holiday spending to increase in Ohio, region

Holiday spending in Ohio is expected to grow 2 percent this year compared to 2016, bringing in an estimated $24.1 billion statewide — and people in the Dayton region are expected to spend more than last year. The Ohio Council of Retail Merchants and the University of Cincinnati Economics Center found the state is likely to see a 9 percent increase...
What will Thanksgiving dinner cost you? Less than last year
What will Thanksgiving dinner cost you? Less than last year

Thanksgiving hosts can buy that extra pumpkin pie for their party this year. The average cost of Thanksgiving meal will be the lowest it’s been in five years, according the American Farm Bureau Federation’s annual price survey. The survey found the average cost of a dinner for 10 people is $49.12, a 75-cent decrease from last year&rsquo...
FOOD DEAL: How to score FREE food from Piada this week
FOOD DEAL: How to score FREE food from Piada this week

Thank the food gods, because there’s a deal you can’t pass up.  Piada Italian Street Food, which has several locations in the Miami Valley region, is offering a special BOGO deal.  Here’s how it works: follow Piada on Instagram. Show the Piada cashier you follow them on Instagram, and you’ll score a buy one, get one...
Honda recalls 800,000 mini-vans
Honda recalls 800,000 mini-vans

Honda said Saturday it’s recalling some 800,000 Honda Odyssey mini-vans because of an issue with seat latches that can tip the seats forward if they’re not correctly latched. The automaker, which has some 13,000 workers in Ohio, has offered recent instructions to Odyssey owners on making sure the affected second-row seats are...
More Stories