Friday, May. 09, 2008

New home permits stall in Keller, on the rise in Roanoke

Staff report

The city of Keller issued 19 single-family residential permits for March, compared to 25 permits issued in March 2007. The average value on the lots, at $314,785, dipped 5.9 percent compared to last March’s average value of $334,861. Since January, the average value on new home permits has decreased 7.3 percent, from $347,849 through March in 2007 to $322,360 thus far in 2008.

In Roanoke, activity in the new Briarwyck Subdivision continues to raise the number of permits and permit values in that city. In March, the city issued eight single-family residential permits, all in the Briarwyck Subdivision, with an average value of $287,557. Since January, the average value on new home permits, at $251,035, is up 100 percent compared to the average 2007 value through March of $125,000.

The city of Watauga issued three single-family residential permits for March with an average value of $175,122, an 18 percent increase over the average value of permits issued in March 2006 of $148,303. Since January, the average value of new home permits has decreased two percent, from $167,087 for the same period in 2007 to $162,665 through March 2008.