Table 13 Residential Construction: Stevens Point - Plover Area (Third Quarter 2024)
Number of Housing Units
Estimated Value of New Homes (x1000)
Alteration Permits Issued
Estimated Value of Alterations (x1000)
Permits Issued
2024 Q3
2023 Q3
2024 Q3
2023 Q3
2024 Q3
% ∆ Yr. Ago
2024 Q3
2023 Q3
2024 Q3
% ∆ Yr. Ago
16
25
36
$4,628.80 -33.1
413
454 $6,304.10 8.2
17
Description: • The above provides construction figures for both new homes and residential alterations. The above estimated values are in thousands of dollars. Analysis: • Both the number of new housing units and estimated value of new homes has declined sharply over the past year. • The number and value of alterations has changed little over the year.
Table 14 Nonresidential Construction: Stevens Point - Plover Area (Third Quarter 2024)
Estimated Value of New Structures (x1000)
Alteration of Business Permits Issued
Estimated Value of Alterations (x1000)
Permits Issued
2024 Q3
2023 Q3
2024 Q3
% ∆ Yr. Ago
2024 Q3
2023 Q3
2024 Q3
% ∆ Yr. Ago 185.4
16
7
$16,704.12 1155.4
107
105
$19,859.96
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 huge jump in the valuation of new construction over the last year can be attributed to the building of Family La Clinica structure in Stevens Point with an estimated cost close to $12 million. • Much of the 185% increase in the value of alterations can be attributed to $7.5 million addition to Ortho Molecular.
Central Wisconsin Report - Fall 2024
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