Ruidoso construction values see jump

Dianne Stallings of reports good news on the real estate front in Ruidoso:

Construction values in Ruidoso jumped nearly $1 million from June to July with two large commercial projects leading the way.

“Single family permits were down a little bit, but I’m not worried,” said Ruidoso Building Official Shawn Fort. “Stuff is coming in. We permitted a large commercial project (this month) that will show up on the next report.”

The second of two Dollar General stores being developed by Faith Construction contributed the most value to July at $985,166. The 9,000-square-foot structure, which Fort described as “very similar” to the Dollar General going up on Sudderth Drive, is being built at 1110 Mechem Drive by the same company, Les File Dry Wall of Albuquerque.

Mark Marquez of Recom Construction is building the second commercial project, a dental office of about 2,500 square feet at 456 Mechem Drive. Marquez is a popular local builder, who several years ago created Boulder Plaza at the intersection of Mechem and Sudderth. The building value is listed at $335,496. The structure is two floors with the lower level designed as a garage and for storage, Fort said. Parking is planned for the back and front of the building off of Rainbow Drive.

In July, 98 permits were issued for a building value of $2,072,110, generating permit fees for the village of $18,351, according to Fort’s just-released monthly report. That compares to 110 permits in June for a building value of $1,104,477, generating $15,463 in fees.

Although only one new single-family housing start was registered in July, the value was a hefty $479,035 and the two commercial projects added up to $1.32 million. Other contributors to the healthy July showing this year were 13 residential deck permits valued at $88,625, and $78,759 for seven residential additions and alterations.

The month was on a par with July of 2011, when 139 permits were issued for a value of $2,086,193 and $25,392 in permit fees. Construction was fueled that month by five single-family housing starts totaling $570,756 in value, and a sizable residential renovation value at $121,707.