Sioux Falls Permit Valuation Trails Last Year
Contractors and suppliers working in Sioux Falls should expect a smaller permitted pipeline than in 2025.
Updated on Nov. 2, 2026 in Construction
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Sioux Falls building permit valuation totaled $98 million in October, slightly below the city's October monthly average. Year-to-date permits through October reached $894.2 million, down from $1.2 billion over the same period last year.
Why it matters
The year-over-year decline signals a slowdown in permitted construction activity that contractors, suppliers, and trade businesses in Sioux Falls will feel as a thinner pipeline of new projects. Operators planning hiring, equipment purchases, or bids for the coming months should weigh the lower permit totals against their own backlog.
Year-to-date permit valuation through October stands at $894.2 million, compared with $1.2 billion over the same period last year and $964.7 million two years ago. Commercial new construction accounts for $442.6 million of the year-to-date total, with commercial additions and remodeling at $208.1 million and new residential construction at $162 million.
The players
Lloyd Cos.
Lloyd Cos. is a local developer and builder that holds the permit for the next construction phase of the Harvest Ridge apartments.
Empire Cos.
Empire Cos. is a local developer that was issued the permit for the Galerie apartments at 5401 S. Loop Place.
The details
Permit valuations are tracked by the city's building services division, which reports totals by month and year-to-date. Within the year-to-date figures, new commercial construction is the largest category at $442.6 million. The city issued permits for 359 new single-family homes and 1,663 multifamily units this year, and the Harvest Ridge apartments next phase at 3600 S. Ollerich Ave. carries a $29 million permit issued to Lloyd Cos.
Timeline
October 2026: monthly permit valuation totaled $98 million, below the October average.
Through October 2026: year-to-date permit valuation reached $894.2 million.
Market Landscape
Sioux Falls year-to-date permit valuation of $894.2 million trails the $1.2 billion recorded last year and the $964.7 million from two years ago. The continued commercial and residential activity, including the Harvest Ridge and Galerie apartment projects, shows the market is still active even as the total falls.
Contractors and suppliers working in Sioux Falls should expect a smaller permitted pipeline than last year and plan bids and crew levels accordingly. Commercial remodeling and multifamily projects continue to generate work, so businesses in those segments may find the most near-term demand.
The takeaway
Track the city's monthly permit valuation releases against the $894.2 million year-to-date figure to see whether the decline continues into the next reporting period. Operators should review their own project backlog against that trend before committing to new equipment or staffing.
Further reading
For broader context on local building activity, see the Construction section.
Source note: This article includes information reported by SiouxFalls.
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