Local Development Trends

In last month’s quarterly newsletter, the CCPC reported that there was a slight decline in construction permits at the beginning of the second quarter (April – June).  However by the end of the quarter the permit numbers began to increase beyond the typical trend.  This increased volume of construction permits extended into the months of the third quarter.  The third quarter happens to be the peak development period each year and this trend was no different this year.  Each month of the quarter (July, August, and September) saw increased numbers combining for an overall increase of 18% from the previous 2019 third quarter.  Permit types were higher in every category from residential single family, multi-family units, commercial, fences, additions, and even swimming pools.  While it was forecasted that there may be a potential decline in numbers due to the unprecedented COVID-19 pandemic response.  Market demand and historically low interest rates have kept development and construction in Bowling Green / Warren County trending at record highs.  2020 is projecting now to be on pace to be even higher than the last calendar year.