The residential construction market in the Little Rock area boomed last year despite the COVID-19 pandemic, with the number of new single-family housing units permitted hitting their highest level since 2007, at more than 1,500.
That news came in the latest report from Metroplan, the planning agency for central Arkansas, released last month.
“Residential construction activity slowed a bit during the spring and early summer of 2020, but made up for it with robust growth during the remainder of the year,” said the report, “The Little Rock Regional Economy in 2021.”
“Low interest rates and a certain degree of ‘cocooning’ by home-bound workers may be factors explaining this trend,” the report said. “Multi-family housing construction was down by a bit, but this comes after several strong years for the predictably cyclical local multi-family sector.”