Issue link: http://savannah.uberflip.com/i/1542376
33 17 Savannah Area Chamber of Commerce 2026 Economic Trends Georgia 4,008,013 103,618 74,664 15.9% 18.2% 46.3% 19.7% Industry: Construction Residential Permitting Activity in Chatham County Through August 2025, the total value of permitted residential construction in Chatham County was $508 million, a substantial increase of 15.8% from 2024. The value of multi-family home permits issued soared 51.7% to $151 million. The total number of residential units permitted increased to 2,826 from 2,694 in 2024. Chatham County Building Permits Single-Family Multi-family Units Total Permits Construction Cost Permits Construction Cost Permits Construction Cost 2008 1,117 163,057,158 523 42,084,952 1,640 205,142,110 2009 785 108,170,515 342 17,654,193 1,127 125,824,708 2010 676 87,335,207 281 14,345,471 957 101,680,678 2011 655 84,463,420 402 24,873,596 1,057 109,337,016 2012 811 122,205,698 204 11,515,108 1,015 133,720,806 2013 901 156,331,898 149 8,490,860 1,050 164,822,758 2014 1,048 205,885,088 269 45,841,262 1,317 251,726,350 2015 933 200,307,059 26 2,210,000 959 202,517,059 2016 780 194,149,166 178 13,628,744 958 207,777,910 2017 812 182,019,357 68 4,116,000 880 186,135,357 2018 1,081 223,544,604 986 170,771,279 2,067 394,315,883 2019 887 208,119,293 431 37,544,044 1,318 245,663,337 2020 808 178,153,721 946 63,277,507 1,754 241,431,228 2021 1,441 361,614,823 463 44,009,032 1,904 405,623,855 2022 1,082 314,292,876 895 105,464,432 2,060 419,757,308 2023 1,606 396,166,830 80 14,290,645 1,686 410,457,475 2024 1,705 371,738,992 989 99,656,003 2,694 471,394,995 2025* 1,614 357,024,433 1,212 151,155,152 2,826 508,179,585 Source: U.S. Department of Commerce, Census Bureau, Annual New Privately-Owned Residential Building Permits. Retrieved 12/09/2025. Multi-family consists of two family, three or four family, and five or more family categories. Current year dollars. * 2025 data are through August 2025 and not directly comparable to 2024 full-year data. Residential Permitting Activity in the Savannah MSA The regional housing market in the three-county metro area continues to demonstrate strength with an increase in the total number of single family home building permits issued by +12.7%, The average value per unit issued decreased (-1.7%) from the previous year and sits at an average of $242,300. Building permit value does not include land cost or builder profit. Source: U.S. Bureau of Census and Real Estate Center at Texas A&M University. http://recenter.tamu.edu, retrieved 12/09/2025. 2025 is annualized YTD though August.