Table 11 Residential Construction: Stevens Point - Plover Area
Estimated Value of New Homes (000)
Number of Housing Units
Alteration Permits Issued
Estimated Value of Alterations (000)
Permits Issued
2022 Q1
2021 Q1
2022 Q1
% ∆ Yr. Ago 103.10
2022 Q1
2021 Q1
2022 Q1
2021 Q1
2022 Q1
% ∆ Yr. Ago
31
19
25
20
220
294 $2,490.00 68.36
$10,948.00
Description: • The above provides construction figures for both new homes and residential alterations. Analysis: • Both the construction of new homes and the estimated value of alterations increased significantly over the last year, rebounding from pandemic induced reductions in activity from last year.
Table 12 Nonresidential Construction: Stevens Point - Plover Area
Estimated Value of New Structures (000)
Alteration of Business Permits Issued
Estimated Value of Alterations (000)
Permits Issued
2022 Q1
2021 Q1
2022 Q1
% ∆ Yr. Ago
2022 Q1
2021 Q1
2022 Q1
% ∆ Yr. Ago 182.15
17
3
$13,036.48 193.87
73
74
$8,793.49
Description: • The above provides construction figures for new business and commercial structures as well as alterations. Analysis: • Nonresidential construction also increased dramatically, similarly bouncing back from the low levels of last year.
Business Sentiment Table 13 Business Confidence Survey: Central Wisconsin Area
Index Value April 2022
Recent Changes in National Economic Conditions Recent Changes in Local Economic Conditions Expected Changes in National Economic Conditions Expected Changes in National Economic Conditions
39 43 41 43 53
Expected Changes in Industry Conditions
100 = Substantially Better
50=Same
0=Substantially Worse
Description: • Diffusion index numbers are based on a survey of businesses from the Central Wisconsin region. Analysis: • Survey results of 39 and 43 signal that businesses believe that conditions at national and local levels are modestly worse than 6 months ago. • Results also show that businesses believe that national and local economic conditions will be a bit worse 6 months from now. • Local businesses believe that industry conditions will be substantially the same 6 months from now.
Central Wisconsin Report - Spring 2022
17
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