For the start of 2013, Glynn County has seen a substantial increase in new building permits for single-family homes. In the first quarter alone, 107 permits were issued, representing a 27% increase from the same period last year and 64% increase over the five-year low in 2009.
According to a National Association of Home Builders study, the estimated one-year impact of building 100 single-family homes include $21.1 million in local income, $2.2 million in taxes and other government revenue and supports 324 local jobs.
This increase in building activity is a healthy sign not only for real estate sales in St. Simons Island, Brunswick and Glynn County, but also a healthy sign for wide-reaching sectors of the area’s economy and workforce.
Sources: US Census Building Permit by County Data; Report from the National Association of Home Builders: “The Local Impact of Home Building in a Typical Metro Area. Income, Jobs and Taxes Generated”