(MANDEVILLE, La.) – The St. Tammany Economic Development Foundation (STEDF) has released its fourth quarter reports on St. Tammany economic trends and parish growth. Commercial building permits rose nearly 30 percent in the fourth quarter, amounting to 10.4 percent growth for the entire year.
“Commercial building permits correlate with business growth,” said Brenda Bertus, CEO of STEDF. “Though the first six months of 2014 were slower than we like to see, a positive surge in the second half of the year significantly impacted our economy.”
Quarterly growth increased by 4.4 percent, with housing unit sales rising 6.2 percent and total sales rising 6.7 percent higher than the previous quarter.
Economic expansion rose 4.4 percent in the fourth quarter and 2.5 percent in 2014.
The Economic Trends report discusses employment, sales tax collections and housing trends as well as other factors that contribute to the state of the local economy. The Parish Growth report measures overall parish growth, combining economic factors into a unifying picture.
To view the full reports, visit http://stedf.org/t_reports.htm and http://stedf.org/growth.htm.