County, Steamboat combine for 22 single-family building permits in third quarter | SteamboatToday.com

County, Steamboat combine for 22 single-family building permits in third quarter

This house on Whitewater Lane is one of several new homes currently being constructed in Steamboat Springs. Steamboat Springs and Routt County have seen modest increases in building permits this summer.

— Buoyed by the issuance of the $21 million building permit for the Casey's Pond Senior Living campus in June, the value of building permits issued in Steamboat Springs and Routt County year to date continues to outpace 2011. But the Casey's Pond permit for the project at the corner of U.S. Highway 40 and Walton Creek can't overshadow the fact that there has been a modest bump in homebuilding here compared to 2011.

Year to date building permit valuation is $67.6 million, compared to $38.4 million in 2011. Even if one were to subtract the anomaly of the big Casey's Pond project, 2012's numbers would be ahead of 2011 by a little more than $8 million.

There was just one permit for a single-family home issued in Steamboat Springs and two others in Routt County in June. However, the September report issued by the Routt County Regional Building Department shows the pace picked up in the third quarter. The city and county together saw 22 single-family home permits issued in the third quarter.

There were six permits with a combined value of $5.3 million issued for new homes in the county last month, producing a third-quarter combined valuation of $6.9 million on 12 permits for new homes. In the city, there were two new permits in September with a combined value of $1.13 million, bringing the third-quarter total to 10 permits for new homes in Steamboat.

Routt County Building Official Carl Dunham said this year's third-quarter numbers represent a marked improvement over 2011 but still pale in comparison to what the city and county experienced throughout the past two decades in terms of housing starts.

"In the city of Steamboat Springs last year we had nine (single-family permits issued) from January through September and just four in the third quarter," Dunham said. "In 2012 we've seen 16 (year to date) and 20 in Routt County. Our average since 2001 is 84 in the county and 28 in the city. So, we're way off. But it does feel better this year.

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:I think we'll make our budget this year (in fee revenue) and we've been running the department at a deficit since 2008."

The average number of third-quarter, single-family home starts in Steamboat since 2001 is 11. In Routt County that number is 34.

September 2012 even saw the issuance of permits for a duplex building in Rocky Peak Village in Steamboat Springs, something that has become a rarity here. Duplexes have been missing from the scene since the real estate market reversed course in late 2008. Also of note recently was the issuance of a building permit for a home in Graystone on the Green, the first in the subdivision adjacent to Rollingstone Ranch Golf Club.

The issuance of a building permit to Steamboat Lake LLC for a home on Placer Place near Hahn's Peak Village with a permit value of $4.13 million also stood out. Permit values do not represent the retail value of the completed home.

The local housing market isn't done for 2012, Dunham said. He sees 15 to 20 single-family permit applications still in the hopper for this year, and somewhat to his surprise, a couple of parties have come to his office already talking about taking steps so they can build in 2013. It's unusually early for those conversations to have begun, he said.

To reach Tom Ross, call 970-871-4205 or email tross@SteamboatToday.com

By the numbers

September building permit numbers for the city of Steamboat Springs

Combined residential permit valuations: $3.5 million

Single-family home permits: 2

Duplex permits: 2

Dwelling remodel permits: 27

Other remodel permits: 11

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