New Orleans, LA -- (ReleaseWire) -- 02/11/2014 -- The sounds of cement mixers and heavy commercial equipment are louder than ever in Palm Beach as new construction projects surge in the first quarter of 2014, and Brett Elhilow says it's all music to his ears.
Permits filed for residential and commercial projects in Lake, Orange, Osceola and Seminole counties totaled $4.2 billion between January and November of last year, up 47 percent from $2.9 billion in the year-earlier period, McGraw Hill Construction reported. Permits for residential projects between January and November 2013 totaled $2.9 billion, a 51 percent jump from the nearly $2 billion total posted in the first 11 months of 2012.
Local area builder Brett Elhilow in a recent interview reported his construction company has experienced an increase in church construction projects as compared to the same time in 2012. Due to an upward market shift in new commercial construction, 10% of the all commercial construction permits in Palm Beach were requested for church construction.
Brett Elhilow of RDH Of The Palm Beaches Builders say he enjoying this recent burst in commercial Construction, and has increased his construction crews to handle boom in his market. Orlando Business Journal confirmed.
Palm Beach construction values surpassed the $4 billion mark in the first 11 months of 2013, according to a new report from McGraw Hill Construction.
Increased construction activity signals continued job growth and recovery among construction companies, which make up one of Central Florida’s most dominant industries. It also offers opportunities for subcontractors and vendors seeking to work with general contractors on these projects.
Commercial permit values were $1.3 billion between January and November 2013, which was 40 percent more than the $920.2 million posted in the year-earlier period.
In a recent interview with Brett Elhilow he expressed how difficult it was to survive the turbulent real estate market in 2007 – but calm has been restored in Palm Beach.
“I knew at the start of the real estate crash in 2007 that only the strongest companies will survive, and thank God we we’re amongst the strongest in our market. Since then I have witness the sizes and scopes double as more investors pure into the Orlando and Palm Beach Markets.”
Brett Elhilow went on to say that he expects this trend to continue in 2014 as more banks relax their lending requirements. For more information on how the Palm Beach construction market or to contact Brett Elhilow of Pam Beach Builders please call 561-582-3818 http://www.brettelhilow.com
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