Construction
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Building permit values in the Rio Grande Valley cities rose from $573 million in 1996 to an all time high of $1.4 Billion in 2007. McAllen leads the Valley with $212 million.
This graph represents the number of single-family homes permitted during the period indicated. While McAllen continues to maintain its standing as the Valleys economic “HOT SPOT” and the fastest growing metro area, Mission is clearly demonstrating rapid growth as well.
This graph represents the dollar values of permitted single-family construction during the period indicated. These values represent construction cost only. Within the McAllen MSA, growth in values is reflected in future advalorum tax revenues, which, by this graphic, bodes well for both McAllen and Mission.