Rapid City building permits top $31M for the month of March

RAPID CITY, S.D. — The City of Rapid City hit its highest March monthly building permit total since 2016 with 248 permits issued totaling just over $31 million.

Rapid City HallFor the first three months of 2022, the city is already more than $16 million ahead in permit valuations from 2021.

Five of the highest-valued permits went to apartment complexes valued at more than $1 million each.

“Obviously contractors, developers, the City are all huddled up working on the housing issue, the housing crunch,” says Darrell Shoemaker, the communications coordinator for the City of Rapid City. “Most of these big ticket items for this past month have been in the building of apartment complexes, and we expect that to continue.”

Shoemaker says you can’t build any trends off of just one month, but that it’s a good snapshot in time to see where the city is at.

“In these valuation numbers, there’s always the increases in supply costs. We know the inflationary costs are worked into that- that soup, if you will, but we also know that, you know, labor is an issue,” Shoemaker adds. 

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