Construction improved in 2012

As well as a modest increase in home sales, Cranbrook experienced a stronger year for construction in 2012.

As well as a modest increase in home sales, Cranbrook experienced a stronger year for construction in 2012.

According to the City of Cranbrook’s engineering department, the value of new construction in 2012 was $32.9 million, up from $23.5 million in 2011.

The city issued 258 building permits in 2012, up from 250 in 2011.

Commerical construction saw the most growth in 2012. There were 22 permits issued in 2011, which jumped to 32 in 2012.

That worked out to $12.5 million in commerical new construction value, up from $2.3 million in 2011.

The increase was more modest for residential construction: 174 permits were issued in 2011 and 176 in 2012. In 2012, there were 37 new residential starts, versus 39 in 2011.

That meant a slight decrease in value from residential new construction, from $16.6 million in 2011 to $14.9 million in 2012.

Industrial new construction put in $4.6 million to the economy in 2012, institutional $618,000 and signs $247,000, all up from the previous year.