Montgomery County officials did not respond to requests for building permit data.
Mike Oberer, vice president of Oberer Companies, said he has seen more demand in Greene County for developing lots for other builders and for its own building entity.
“We’ve seen an increase in interest for multi-family units because of the aging population who are downsizing,” Oberer said.
multi-family units can be attributed to certain target populations. Dietz said developers could see more demand for multi-family residential buildings as more millennials start their careers and choose to rent.
Despite the recent surge, the Miami Valley housing market has yet to recover fully from the recession’s impact. In 2005, more than 1,200 single-family unit building permits were obtained, according to data from the HBA of Dayton. It hit an all-time low in 2011 with just 363 permits for single-family units.
That data is tracked by municipality and development, but not by county.
Unger said finding skilled construction workers could be a challenge. A large number of workers left the residential construction industry when the economy tanked. Home-building prosperity can be measured by accessibility to three things: labor, lending and lots.
“There has to be access to lending opportunities and most smaller builders will get their financing from a local bank,” Dietz said. “Beyond that, there has to be access to labor, or skilled works, and the lots to actually develop.”
Total permit numbers for all units are expected to continue to rise.
“This has probably been the most significant year for us since the recession, but it wouldn’t be the first year we saw a trend or an uptick,” Oberer said. “We just have a little more momentum.”