Galveston Capital Tourism and Marketing - Residential Housing Market Shows Long-term Stability Edit Title

There's an abundance of new residential construction on the market in Galveston, which might have something to do with the steady rate of development in recent years.

A report from the Galveston County Daily News reveals the city has issued a steady number of permits since 2010, both commercial and residential. Last year they issued 1,147 permits up from 966 permits issued in 2015.

"We are very much holding steady. It's pretty much consistent with what we've had," director of the city's planning and development services division Tim Tietjens told the outlet.

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In September 2015, Galveston's disaster recovery director John Simsen said 120 Hurricane Ike-destroyed homes would be demolished instead of repaired.

The demolitions were expected to be completed by December 2015, at which point new homes could be built.

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At the time, the city had $1.5 million in federal disaster recovery money to use, the Associated Press reported. The process began by tearing down houses that would cost less than $30,000 to remove. Pricier projects would be razed depending on how much of that budget was still left.

Ike ravaged roughly 17,000 homes and businesses in 2008 badly destroyed nearly 1,500 residential properties.

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