The Kyle Report

The Kyle Report

Friday, September 2, 2016

Building permits indicate city growing at phenomenal rate

Although the last couple of months have seen a tapering off of residential building permits issued, the city is on a pace to issue 646 such permits this year, 123 more than in 2015.

Looking at the numbers during the last three years and comparing those to the figures from three years before that is what really gives you an idea of Kyle’s amazing growth. Assuming 646 residential permits are issued this year, that would bring the total of such permits issued during the last three years to 1,674. The numbers for the three years before that — 2010-2012 — were 757, less than half of what’s been issued since Jan. 1, 2014.

Translate all that into population numbers, using acknowledged, accepted formulas, it means the city's population is on a pace to grow by 24,079 during the current decade. Stunning!

Commercial growth reflects similar trends. Between 2010-1012, the city issued 103 commercial building permits. This year alone the city is on a pace to issue more than what was issued between 2010 and 2012, an all-time high of 108 (which could be a problematic figure because the numbers are somewhat skewed by the realization 40 such permits were issued just last month alone, very much a one-month aberration. The city would have to average issuing nine commercial permits each month for the rest of the year to reach 108 and the highest number for any one month this year before August was 8 in July. So I’m going to assume the final figure will hover closer to 90). But even that somewhat pessimistic assumption of 90 commercial permits issued this year means, during the last three years, the number of commercial permits issued would be 246, again appreciably more than twice the number from the three preceding years.

The numbers speak for themselves.

1 comment:

  1. your numbers are meaningless without context. you have forgotten the financial crisis of 2008-09 that resulted in the recession of 2008-2012.

    ReplyDelete