The Building Industry Association of Clark County (BIA) reports that the City of Vancouver is experiencing a boom in permit activity. In November, 41Single Family Residence (SFR) permits were issued – compared to the 15 SFR permits issued in November 2019 – representing an increase of 173% permits issued.
After examining the data, the BIA anticipates 2020’s permit activity in the City of Vancouver will surpass 2019’s by more than 50%. This is likely due to the pent-up demand for housing as a consequence of low inventory and lifestyle changes related to the pandemic, as well as historically low interest rates.
Home is more important than ever. It used to be that homes were a landing zone for family dinners, relaxation and sleep. Now houses are doubling as offices and playgrounds. Due to housing’s essential nature, the BIA of Clark County and Building Industry Association of Washington fought to get the industry back to work from the statewide work stoppage in March, during the first round of government mandated COVID closures. Because of these advocacy efforts, the industry was able to get back to work five weeks earlier than other industries.
“Contractors have proven that the industry can build and remodel safely and we will continue to do so effectively,” said Dave Myllymaki, the BIA’s president and owner of ReNew Creations.
