Biloxi Sees New Construction Permits Quadruple
From: City of Biloxi Vincent Creel Filed 10/31/06 GCN
Biloxi in the past year has seen four times the number of construction permits for new homes and new businesses, and at the same time issued nearly 4,000 permits for storm repairs to existing homes and businesses.
And Mayor A.J. Holloway says that as more homeowner grant money finds it way to Biloxi, those numbers are expected to grow even more.
Figures released by the city's Community Development Department show that in Fiscal Year 2006 -- from Oct. 1, 2005 to Sept. 30, 2006 -- the city issued 638 permits for new home construction, with a valuation of $80.5 million. In the past 10 years, the city averaged issuing 145 permits for new homes each year.
The Community Development Department report also showed that in FY '06, the city issued 312 permits for new commercial construction at a value of $40 million, compared to an average of 80 permits each year over the past 10 years.
"What this means is that Biloxians are building back," Holloway said. "And it also means that we're going to see even bigger nubmers once the bulk of the finance issues are resolved, such as the homeowners grants checks arriving, or SBA loans and insurance settlements being finalized."
To see the FY '06 permit report, click here.
To see the 10-year trends in pre-Katrina construction in Biloxi, click here.