1938 BUILDING

Evening Star, Issue 22895, 1 March 1938, Page 3

1938 BUILDING

LOCAL BOOM INDICATED PERMITS ALREADY VALUED AT £217,331 Indications in the first two month* of the year are that Dunedin will experience a building boom in 1938. Already permits to the value of £217,331 have been issued at the Town' Hall office, and provided the demand 'for permits is maintained during the next 10 months, the city and suburbs will be greatly enhanced by the addition or many new buildings and alterations to existing premises. Last month was a record for the city so far as the issue of building permits was concerned. Permits to the value of £166,385 were taken out by builders, this amount exceeding any previous January total by a wide margin. The February figure was also very satisfactory, the value of the permit* being £50,946, as against £23,011 tor the same period last year. Considerably more money is to be spent in new dwellings than was the case at this time a year ago. Twenty-six of the February permits were for. dwellings, the remaining 33 being chiefly for additions and alterations to present buildings. ’ . . The highest valued permit appliea for represented the proposed expenditure of over £6,000 for the erection of a steel tank for an oil company. Additions and alterations ■to a suburban hotel account for a further £4,700 odd ■of the February total. At the end of next month the financial year will finish, and there will be recorded a substantial increase in the value of building activities in comparison with.the previous l2 months. Already the present year’s total is some £3,000 over last year’s to the end ot February, the respective amounts tor the corresponding 11 months being £722,036 and £405,591.