Home Builders Optimistic for Miami County in 2024
Builders in Miami County express optimism about a strong housing market in 2024, even though there was a slight downturn toward the end of 2023.
According to Dayton Daily News, Osgood said higher density/lower cost housing at this time appears to fit best in villages such as West Milton and possibly the Covington/Bradford areas.
“Tipp City and Troy have significant housing construction ranging from $200K to $300K, which is a range that is considered workforce-type housing,” Osgood said.
In Covington, a new residential subdivision is in the works, which would be the first new housing in the village in approximately 20 years, according to information released in a village monthly report.
The proposed project is seven acres to include single-family homes and multi-unit buildings and was to go before the village planning commission this month.
Miami County building department data showed 271 residential permits issued in 2022, and 197 in 2023. The construction valuation for 2022 was $104,267,801, while it was $79,365,410 last year.
Osgood, the county development director, said he sees housing construction in the county as “very strong.”
The city of Troy issued 48 new residential home permits in 2023. The city has six active subdivisions — Halifax Estates, Reserve at Washington, Fox Harbor, Halifax Villas, Heritage at the Country Club and Redwood.
