VOLUME: 4 ISSUE: 4 QUARTER 4 2019 OCT-DEC
INTRODUCTION
Construction Quarterly is a publication of the Berkeley-Charleston-Dorchester Council of Governments. It is designed to provide a detailed analysis of construction trends in the region. While we make every effort to collect all available data, if we were unable to obtain information from a jurisdiction those fields will reflect zero permits. We offer three methods to evaluate change. The last five quarters are shown, allowing a comparison between last quarter and the same quarter last year. In most categories, the current quarter is also compared with the average of the previous four quarters. We hope you find this report useful and welcome your feedback.
ALL NEW CONSTRUCTION The number of building permits issued for all new construction in the region in the fourth quarter of 2019 decreased by about 18.4% from the third quarter of 2019. The construction permit values also decreased by 27% from previous quarter. Year-over-year values decreased by 45% and the number of permits issued decreased by 25%. New permit values for the fourth quarter were 34.8% below the average of the previous four quarters while the number of permits issued were about 23.4% below the average. A breakdown of these permits can be found in the chart below and a map of these permits can be found on page 16. ALL NEW CONSTRUCTION BY JURISDICTION JURISDICTION UNINCORPORATED BERKELEY COUNTY BONNEAU CITY OF CHARLESTON GOOSE CREEK HANAHAN JAMESTOWN MONCKS CORNER NORTH CHARLESTON ST. STEPHEN SUMMERVILLE TOTAL BERKELEY COUNTY UNINCORPORATED CHARLESTON COUNTY AWENDAW CITY OF CHARLESTON FOLLY BEACH HOLLYWOOD ISLE OF PALMS JAMES ISLAND KIAWAH ISLAND LINCOLNVILLE MCCLELLANVILLE MEGGETT MOUNT PLEASANT NORTH CHARLESTON RAVENEL ROCKVILLE SEABROOK ISLAND SULLIVANS ISLAND SUMMERVILLE TOTAL CHARLESTON COUNTY UNINCORPORATED DORCHESTER COUNTY CITY OF CHARLESTON HARLEYVILLE NORTH CHARLESTON REEVESVILLE RIDGEVILLE ST. GEORGE SUMMERVILLE TOTAL DORCHESTER COUNTY REGION TOTALS
# 248 0 46 84 13 0 51 0 1 1 444 102 4 228 5 15 12 4 13 6 4 8 274 71 3 0 8 1 20 778 105 0 0 111 1 0 0 42 259 1,481
2018:Q4
$ $285,592,408 $0 $24,247,877 $35,513,263 $4,042,542 $0 $25,033,845 $0 $163,615 $8,015,310 $382,608,860 $100,453,528 $1,599,865 $190,089,063 $2,279,656 $5,386,878 $13,972,856 $825,597 $31,714,566 $1,486,192 $1,405,395 $2,194,487 $113,912,966 $47,474,124 $700,669 $0 $11,733,990 $1,100,000 $4,668,670 $530,998,502 $34,586,254 $0 $0 $15,263,663 $97,000 $0 $0 $23,092,010 $73,038,927 $986,646,289
# 343 0 58 95 20 0 57 0 0 4 577 97 2 247 9 9 5 6 17 6 3 3 219 63 6 0 4 4 21 721 86 0 0 100 0 0 1 32 219 1,517
2019:Q1
$ $182,396,987 $0 $23,769,791 $14,284,113 $9,834,776 $0 $18,152,362 $0 $0 $9,186,581 $257,624,610 $42,070,828 $853,964 $83,482,392 $4,336,340 $4,250,187 $17,834,734 $2,281,057 $65,341,130 $1,839,039 $1,192,700 $1,851,286 $86,771,314 $144,574,529 $2,092,667 $0 $2,603,073 $4,575,002 $4,642,069 $470,592,311 $37,344,108 $0 $0 $72,346,232 $0 $0 $121,936 $13,242,690 $123,054,966 $851,271,887
# 311 0 44 91 14 0 58 0 1 14 533 136 4 211 10 12 8 8 13 6 0 6 164 67 3 0 4 5 20 677 140 0 0 36 0 0 0 36 212 1,422
2019:Q2
$ $96,387,281 $0 $19,174,276 $15,205,166 $4,243,058 $0 $20,779,555 $0 $350,000 $5,531,400 $161,670,736 $63,425,304 $2,585,484 $176,208,191 $5,423,111 $3,190,892 $65,476,980 $2,094,490 $22,950,866 $1,860,147 $0 $2,617,719 $74,045,583 $90,220,002 $969,114 $0 $3,054,614 $7,490,001 $4,562,605 $526,175,103 $39,277,330 $0 $0 $6,042,486 $0 $0 $0 $18,601,246 $63,921,062 $751,766,901
# 260 0 79 101 6 0 22 0 0 4 472 36 9 238 2 11 7 4 13 7 2 6 158 98 6 0 1 3 2 603 130 1 0 75 0 0 0 74 280 1,355
2019:Q3
$ $103,142,094 $0 $72,430,299 $23,205,033 $4,124,190 $0 $7,504,789 $0 $0 $10,103,000 $220,509,405 $13,073,920 $6,339,696 $169,991,650 $490,000 $3,586,215 $6,924,375 $6,927,336 $20,329,053 $1,832,110 $762,372 $2,041,595 $57,265,302 $150,245,269 $3,018,296 $0 $565,000 $6,460,183 $526,000 $450,378,372 $39,309,500 $237,000 $0 $11,472,092 $0 $0 $0 $23,713,325 $74,731,917 $745,619,694
# 189 0 47 42 8 0 44 0 0 11 341 44 6 210 4 5 3 5 11 0 2 1 145 95 3 0 3 4 6 259 154 0 0 70 0 0 1 17 507 1,107
2019:Q4
$ $114,445,052 $0 $36,272,066 $6,518,785 $5,704,475 $0 $11,671,107 $0 $0 $13,187,342 $187,798,827 $29,358,710 $2,542,938 $103,183,855 $2,691,854 $1,270,417 $3,200,000 $2,032,912 $14,638,453 $0 $937,104 $335,220 $51,842,696 $66,230,377 $1,180,537 $0 $2,171,924 $4,701,345 $1,448,060 $287,766,402 $54,555,455 $0 $0 $8,613,483 $0 $0 $107,600 $4,903,788 $68,180,326 $543,745,555