Sioux Falls Growth

Dated: 10/27/2013

Views: 4515

According to the Argus Leader, Sioux Falls leads the region in building activity. Our city surpassed Fargo and Des Moines, with a record $524.3 million in construction permits this year with two months of data still to come.  Half of this has come from single family and multifamily construction. Two big additions this year are the events center and Costco. With some cities still recovering from the recession, Sioux Falls is back and booming.  Fargo has a population of 106,769 and resulted in $253 million in building valuations while,  Des Moines has population of 203,433 and only issued $367 million in permit values. 

This isn't such a big surprise for those of us who choose to call Sioux Falls home. Our unemployment rate is only half the national average and we did not experience the full effect of the recession here. According to Michael Neal, senior economist for the Washington D C based National Association of Home Builders, " employment growth in South Dakota has been a lot faster then Des Moines and Omaha." This has resulted in a higher demand for housing and higher home values." What does that mean for homeowners in Sioux Falls, people will continue to want to buy and sell homes. 
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Jeff Merrill

I’ve been in real estate for many years and take a pro-active approach, using all sources of modern media to accomplish the goal. I devote myself to serving the needs of my clients before, during an....

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