39.4 F
Fort Worth
Wednesday, October 28, 2020
Government Council Report: City adds $4.2B in total construction value, up 24% over...

Council Report: City adds $4.2B in total construction value, up 24% over 2018

Other News

Exxon’s oil slick

Exxon Mobil is slashing its capital spending budget for 2020 by 30% due to weak demand caused by the COVID-19 pandemic and a market...

Folk music’s Mark Twain: 7 Essential tracks from John Prine,

NEW YORK (AP) — Some people, the songs just come out of them. For nearly half a century, they tumbled out of John Prine...

Tarrant County records another COVID-19 death

Tarrant County Public Health (TCPH) on Wednesday, April 8 reported that a resident of Euless has died as the result of the COVID-19 virus....

Tradition stymied: A year unlike any since WWII for Augusta

The Masters is so intertwined with Augusta, they added an extra day to spring break.You see, the first full week of April isn't just...

MONTHLY DEVELOPMENT ACTIVITY REPORT

At Tuesday’s work session, the Fort Worth City Council received an informal report on development activity within the city for the month of December, along with the 2019 calendar year.

CALENDAR YEAR HIGHLIGHTS

BUILDING PERMITS

*The city added $4.2 billion in total construction value, compared to $3.4 billion in CY 2018, up 24%.

*Total commercial valuation was $3 billion, compared to $2.5 billion in CY 2018, up 20%.

*In CY 2019, there were 391 construction projects valued at $1 million or greater, compared to 338 in CY 2018, up 16%.

*In CY 2019, there was a total of 24.6 million square feet in new commercial construction permitted, compared to 16.1 million in CY 2018, up 53%.

*In CY 2019, there was a total of 15 million square feet in new residential construction

(including additions) permitted, compared to 16.5 million in CY 2018, down 9%.

*451 new multi-family permits were issued in CY 2019, compared to 421 in CY 2018, up 7%.

*14,142 new permits were issued in CY 2019, compared to 14,296 in CY 2018, down 1%.

*2,599 new commercial permits were issued in CY 2019, compared to 2,609 in CY 2018, down .3%.

*11,543 new residential permits were issued in CY 2019, compared to 11,687 in CY 2018, down 1%.

CUSTOMER SERVICE

*The overall customer service satisfaction was 86% very positive or somewhat

positive in CY 2019, compared to 82% in CY 2018. There were only three months where customer satisfaction was less than 85% in CY 2019, January, March, and August.

*For CY 2019, 89% of customers surveyed thought the inspections team was extremely helpful or very helpful, compared to 91% in CY 2018.

DECEMBER HIGHLIGHTS

BUILDING PERMITS

*Total commercial valuation (including remodels and additions) in the fourth quarter of the 2019 calendar year was $1.3 billion, compared to $436 million in 2018, up 187%.

*Total commercial valuation (including remodels and additions) for December was

$242 million, compared to $588 million November, down 59%; and $103 million in December 2018, up 135%.

*The city issued 416 new commercial permits in the fourth quarter of the 2019 calendar year, compared to 239 in the 4th quarter of the 2018 calendar year, up 74%.

*In December, 181 new commercial permits were issued, compared to 135 in November, up 34%; and 37 in December 2018, up 389%.

*The city issued 1,211 new single-family permits in the f.urth quarter of the 2019 calendar year, compared to 1,580 in the fourth quarter of the 2018 calendar year, down 23%.

*In December, 557 new single-family permits were issued, compared to 328 new in November, up 70%; and 454 in December 2018, up 23%.

CUSTOMER SERVICE

*The overall customer service satisfaction was 95% very positive or somewhat

positive for December, up from 86% in November.

*In December, 83% of customers surveyed thought the inspections team was extremely helpful or very helpful, compared to 86% in November.

Latest News

A week before the election, Texas National Guard prepares to deploy troops to cities

By Shawn Mulcahy, The Texas Tribune Oct. 27, 2020 "A week before the election,...

Camp Bow Wow acquires building in Fort Worth

Acting on a lender's behalf, Bradford Commercial Real Estate Services has sold a 10,000-square foot retail building in east Fort Worth to...

S&P CoreLogic Case-Shiller: US home prices up 5.2% in August

By PAUL WISEMAN AP Economics WriterWASHINGTON (AP) — U.S. home prices posted a robust gain in August — another sign that the...

Polls, late campaign activity suggest Republican dominance in Texas could be at risk

By Alex Samuels and Patrick Svitek, The Texas Tribune Oct. 27, 2020 "Polls, late...

Michael Bloomberg to spend $15 million on TV ads for Biden in Texas and Ohio after seeing tight polling

By Alex Samuels, The Texas Tribune Oct. 27, 2020 "Michael Bloomberg to spend $15...