In 2023, Sioux Falls experienced its second-highest year for building permit valuation, totaling over $1.1 billion.
Despite a decrease from the previous year’s $1.9 billion, Mayor Paul TenHaken highlighted the diverse mix of permits, signaling a healthy building economy.
The city permitted 2,682 new residential units, with a focus on multi-family dwellings.
While a decline from the past two years, officials attribute this to anomalies, expressing optimism for the future despite potential economic challenges in 2024.