Table 13 Residential Construction: Stevens Point - Plover Area (First Quarter 2025)
Number of Housing Units
Estimated Value of New Homes (x1000)
Permits Issued
Alteration Permits Issued Estimated Value of Alterations (x1000)
2025 Q1
2024 Q1
2025 Q1
2024 Q1
2025 Q1
% ∆ Yr. Ago
2025 Q1
2024 Q1
2025 Q1
% ∆ Yr. Ago
25
40
28
44
$8,082.00
-35.8% 216
252
$3,028.72
9.4%
Description: • The above provides construction figures for both new homes and residential alterations. The above estimated values are in thousands of dollars. Analysis: • The number of new housing units (and permits issued) have declined significantly compared to a year ago with the estimated value of new homes has 35.8% relative to Q1 2025. It is important to note that the decrease in units and estimated value occurred after a sharp annual increase in Q1 2024. • The number of residential alterations and their estimated value, however, has increased from a year ago.
Table 14 Nonresidential Construction: Stevens Point - Plover Area (First Quarter 2025)
Estimated Value of New Structures (x1000)
Alteration of Business Permits Issued
Estimated Value of Alterations (x1000)
Permits Issued
2025 Q1
2024 Q1
2025 Q1
% ∆ Yr. Ago
2025 Q1
2024 Q1
2025 Q1
% ∆ Yr. Ago
13
3
$10,124.45
6547.7%
87
115
$9,981.23
9.9%
Description: • The above provides construction figures for new business and commercial structures as well as alterations. The above estimated values are in thousands of dollars. Analysis: • Nonresidential construction numbers are often volatile given the highly variable nature of construction projects for new businesses. • The dramatic rise in the estimated value of new structures over the last year is largely the result of the construction of the new UW Credit Union building on Highway 10.
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Center for Business and Economic Insight
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