Residential Home Construction Spurs Flagler County and Palm Coast Economy

Fifty-four permits were issued in February for construction of single-family residential homes in Flagler County. The economic impact of these new home starts is bigger than you think.

Palm Coast, FL – March 7, 2015 – Thursday, the Flagler County – Palm Coast Home Builders Association released its monthly report on the impact of local residential construction on the Flagler/Palm Coast economy.

In the month of February permits for 54 new homes were issued in Flagler County.

It is estimated those homes will generate $5.9 million in local income including local business owner revenues of $1.6 million, support 151 local jobs and $4.2 million in local wages and salaries and the collection of $1 million in taxes and fees.

Year to date in Flagler County 104 new homes were permitted in Flagler County.

So far this year, single family residential construction generated $11.4 million in local income including local business owner revenues of $3.1 million, supported 290 local jobs and $8.2 million in local wages and salaries and the collection of $2 million in taxes and fees.

Month-to-month permit comparison

Flagler County Month-to-month building permit comparison
Source: FHBA

Mark your calendar. The 2015 Flagler Home Builders Association Parade of Homes starts March 21st  at 10:00 AM and runs through March 29th at 5:00 PM

1 reply
  1. Bob A
    Bob A says:

    Balanced reporting?

    Toby,
    I find your articles informative and I generally support your growth thinking. however I don’t see a fair balanced reporting in this article because you fail to take into account the increased costs to the existing taxpayers. Please report on how much money would have been raised had the impact fees been kept.(or lost because they were not). These fees would have gone a long way to help pay for the new $31 million dollar sewage plant, roads, schools etc, that are a direct result of growth. Most existing taxpayers paid these fees, now we have a large number who are not paying. Even if you make the argument that the past times were tough and there arguably may have been a need for incentive of reducing or eliminating these fees, it seems to me like your rosey report on growth would indicate that the impact fees should be re-instated before new infrastructure costs get out of control and the general property taxpayer has to carry the load of new infrastructure necessary because of all these new houses and commercial property .

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