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A rendering of the future ACE Hardware distribution center in Visalia.

published on March 10, 2022 – 10:17
Written by John Lindt

Shaking off any Covid-19 concerns, building permits in Visalia soared across all categories in the first two months of this year, the city reports. This includes single-family and multi-family permits issued to builders.

The number of single-family homes increased by 51% and by 30% for apartments. Homebuilders secured permits for 82 new units in February, down from 38 for the same month in 2021.

In another category, residential modifications — people repairing their homes — rose 60% in Visalia and new commercial projects totaled $93 million, largely based on permits registered for the new distribution center in Visalia. million square feet of Ace Hardware.

The facility is expected to create up to 400 jobs and be operational by next year.

Also in the commercial sector, sign alterations and permits are up 500% year-to-date, with owners paying $28 million in this category, compared to $4 million in the same two-month period. months in 2021.

The total value of all permits for January and February reached $183 million, compared to $60 million for the first two months of last year.

Like other places in California, people pay more for the new or existing home they buy.

According to real estate website Movoto, “The median list price for homes in Visalia, California was $415,045 in February 2022, compared to $379,900 in 2021. Visalia, California was a seller’s market in February 2022, meaning there are more people looking to buy than there are homes available.

To compensate for inventory shortages, Tulare is developing dozens of new subdivisions at a lower price than Visalia. Additionally, a national builder is talking to Exeter about a new housing development there.

Can you say boom?