The City of Kingsport is on a constructive march, issuing over 150 permits for new homes in 2024, a reflection of steadying growth in the residential sector. This figure signifies a slight dip compared to the 221 permits dished out in 2023, but the total valuation of these 156 new permits hovers around a substantial $52.7 million. The numbers, a part of a Kingsport Building Division presentation to the Home Builders Association, underscore a constructive wave that's bringing a change to the city's residential landscape, according to the Kingsport official website.
While new residential permits declined, the commercial sector remained steady. A total of 17 new construction permits, valued at $18.1 million, were issued in 2024, nearly matching the previous year's $18.5 million from 11 permits. Additionally, Kingsport saw 73 miscellaneous permits for commercial additions, repairs, and remodels, totaling an impressive $61.5 million. As per the presentation, overall construction activity in Kingsport last year—including residential and commercial projects—reached $133.5 million. To keep up with commercial growth, notable projects included Southern Tire Mart and Starbucks, valued at $7.3 million and $1.6 million, respectively.
The residential development front is showing no signs of slowing down either, with nearly 2,500 units in the pipeline. These planned developments, which include Shipp Springs and Brickyard among others, promise to inject a healthy dose of diversity in living options, with apartments, single family homes, and townhomes all in the mix. Areas like Magnolia Ridge and Harmony Ridge have already been at the forefront, setting the pace for this residential charge.
Discussing future landscapes, the report teases that neighborhoods such as Shipp Springs and Brickyard will welcome over 1,000 new lodging units between them, adding substantial weight to Kingsport's residential boom. The city also has Granby & Williams, Fieldcrest, and Bradley Hills, which, along with other areas, are expected to see an influx of new residences over the next five years. These developments speak volumes about the city's commitment not just to maintaining but enhancing the charm and comfort of calling Kingsport home.
