01/03/2014 (press release: maximusbiz) // Palm Beach, Florida, USA // Brett Elhilow
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
Orlando’s 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.
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.
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. But for the month of November, only commercial building permits saw an uptick in values, which was better than the 32 percent decline reported a month earlier. Permit values for commercial construction projects grew 20 percent, from $43.6 million in November 2012 to $52.5 million in November 2013. Residential permit values fell 26 percent in November, from $230.4 million in 2012 to $170.5 million in 2013. Total building permit values in November declined 19 percent in that period, from $274 million to $223 million.
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.