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
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