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Comprehensive Plan Economic Development Element <br />Building Permit Activity <br />Table 5.13 displays building permit activity in the unincorporated part of Indian River County for <br />the years 2006 to 2008. Compared to the total number of residential units permitted in 2006, the <br />total number of residential units permitted in 2007 declined by 62.77%. Total permitted <br />commercial/industrial square footage also decreased from 2006 to 2007. <br />Table 5.13: Unincorporated Indian River County Building Permit Activity (2006 - 2008) <br />2006 <br />2007 <br />2008 <br />Classification <br /># <br /># <br />% Change <br /># o <br />/o Change <br />Single -Family Units <br />2,415 <br />965 <br />-60.04% <br />532 <br />-44.87% <br />Multi -Family Units <br />180 <br />11 <br />-93.89% <br />36 <br />227.27% <br />Mobile Home Setups <br />118 replaced <br />34 replaced <br />9 replaced <br />-58.33% <br />5 new <br />2 new <br />-70.73% <br />6 new <br />Total Residential Units and <br />Mobile Home Setups <br />2,718 <br />19012 <br />-62.77% <br />583 <br />-42.39% <br />Commercial/Industrial Sq. ft. <br />350,058 <br />-25.97% <br />259,156 <br />329,676 <br />27.21% <br />Source: Indian River County Building Department. <br />From 2007 to 2008, total residential building permit activity decreased by 42.39%. This decrease <br />was primarily associated with a 44.87% reduction in the number of permits for Single Family <br />residential units. While the number of multi -family units permitted increased by 227.27% from <br />2007 to 2008, all of those multi -family permits have since expired. As a result, 0 multi -family units <br />permitted in 2008 have actually been constructed. <br />Although total permitted commercial/industrial square footage increased by 27.21 % from 2007 to <br />2008, this increase is relatively minor in scale and consisted of permits issued for retail facilities (i.e. <br />drug stores, gas station, hotels), office businesses (i.e. doctors offices), and nonprofit organizations <br />(i.e. churches, group homes). <br />In 2008, single-family residential building permits comprised 79.11% of the value of all building <br />permits issued for the unincorporated part of the county. As shown in table 5.14, the estimated <br />construction cost represented by single family residential building permits totaled $162,440,218 in <br />2008. At the same time, the value of commercial building permits in unincorporated Indian River <br />County was $34,264,863. Figure 5.5 provides a graphic representation of 2008 building cost <br />estimates in the unincorporated portion of Indian River County. <br />Community Development Department Indian River County 20 <br />