Loading
FORT MYERS — Homebuilders pulled more than twice as many permits to build single-family homes in Lee County in February as they did the same month one year ago, but commercial activity remained subdued.
Builders pulled 79 permits to build single-family homes in Lee County in February, a 132% increase over the same month in 2012, according to the Lee County Community Development Department.
However, in Lee County in February, builders pulled commercial permits worth $2.2 million compared with $3 million in February 2012, indicating a recovery in that sector has not yet taken hold in a significant way.
Commercial construction usually lags residential activity by about 18 months to two years. Read a recent story about emerging commercial real estate trends in the region here and see the top contractors in the region here.
Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.
Join thousands of executives who rely on us for insights spanning Tampa Bay to Naples.
