Louisville is about to have a growth spurt — the likes of which it hasn’t seen in 20 years and won’t ever see again.
The city projects that the number of residential building permits issued will skyrocket from 13 in 2010 to 55 this year. The city hasn’t had that kind of growth in new single-family home construction since 1996.
And from 2012 to 2014, Louisville expects to issue nearly 250 new home permits annually.
“We haven’t seen those numbers since the early ’90s,” Louisville Planning Director Troy Russ said Thursday. “We have not had any large subdivisions approved for construction in well over 10 years.”
The surge is driven by two large-scale residential developments — North End and Steel Ranch — both of which encompass the last two significant tracts of developable land in the city and promise to bring more than 700 new homes to town.
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