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Twin Falls, Idaho ( KMVT-TV / KTWT-TV ) If you've recently noticed more construction than usual, that's because the local economy's been improving. And everything from new buildings to remodeling counts when it comes to spending more money locally.
Houses, stores, and businesses of all kinds. If there's building going on, there's money boosting the economy.
Construction is booming in Twin Falls. Since October of last year, the city has issued building permits for more than 160 new homes. That's a 22% jump from the previous fiscal year, but it's not only new home construction that's seeing an increase.
Community Development Director Mitch Humble says, "We're up to over 2700 permits for the fiscal year so far. 2712, compared to last year at this point was 2459. It's a little bit better than a 10% increase."
That coupled with an 11% increase in construction values means construction projects are exploding across the Magic Valley.
Homeowner Gene Benavidez, "About a year ago when we broke ground for our new home, there was just a few homes behind us. Now all that is occupied, new houses building left and right and everywhere. They're expanding the street further."
Car dealers are expanding, retail stores are adding new facades, and other businesses are remodeling. This indicates business owners are feeling confident enough in the economy to invest in their businesses.
Humble says, "That also these guys are going back to work building more, earning more money, they're spending more money. Which means those retailers now are making a little bit more money."
Humble points out that building permits are also needed for electrical, plumbing, and mechanical projects, too.
September 12, 2013.