(The following press release was issued by the City of Wentzville.)
According to records maintained by Wentzville’s Department of Community Development, new residential development in Wentzville is beginning to increase again. By August 31 of this year, the city had issued a combined total of 227 permits for single and multi-family residential development—207 for single-family and 20 for multi-family. In 2011, the total number of single and multi-family residential permits issued for the year was 218.
Wentzville’s August 2012 totals pushed the city into the lead for residential development in St. Charles County. Housing-permit totals released by St. Charles County in September showed by the end of August Wentzville’s total of 227 permits put the city slightly ahead of O’Fallon’s 223 permits and St. Peters’ permit total of 191.
Wentzville’s all-time high for residential development was reached in 2004, with a total of 1,459 permits issued that year. The numbers began declining in 2005, with 2011 registering the least number of permits in over 10 years. In 2011, the city only issued a total of 218 residential development permits—182 for single family and 36 for multi-family.
While the city is still a long way from its 2004 totals, Wentzville city officials and leaders are encouraged by this year’s numbers and hope they signal the beginning of a rebound in housing development.
Wentzville Mayor Nick Guccione said healthy growth in the city’s residential development is a key factor in bringing residents more jobs, improved city amenities, shopping, and dining choices.
“Our impressive residential growth over the past 10 to 15 years enabled us to attract high-quality businesses and their accompanying jobs,” said Guccione. “When businesses see families are again investing in our city, they’ll be encouraged to invest here also.”