Sioux Falls Permits Total $98 Million in October

October building permit valuation sits slightly below the city's monthly average, while year-to-date totals trail last year's pace.

Updated on Nov. 2, 2026 in Construction

Bold vector editorial illustration of an unfinished timber-framed residential structure beside a single tower crane under a pale prairie sky. — Sioux Falls issued $98 million in building permits in October, though year-to-date valuation of $894.2 million trails last year's $1.2 billion pace. AI Illustration. Upload story photo >

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The city of Sioux Falls issued building permits valued at $98 million in October, slightly below the October monthly average. Year-to-date permit valuation through October reached $894.2 million, down from $1.2 billion last year.

Why it matters

Permit valuations serve as an early indicator of construction activity and future development in the city. The year-over-year decline reflects a slower pace of building compared with recent years.

New commercial construction totaled $442.6 million year-to-date, with commercial additions and remodeling at $208.1 million. New residential construction reached $162 million through the first 10 months of the year.

The players

Lloyd Cos.

Lloyd Cos. is a developer that received a permit for the next phase of the Harvest Ridge apartments project in Sioux Falls.

Empire Cos.

Empire Cos. is a developer that received a permit for the Galerie apartments project at 5401 S. Loop Place in Sioux Falls.

The details

The Harvest Ridge apartments' next construction phase at 3600 S. Ollerich Ave. was permitted at $29 million, issued to Lloyd Cos. The Galerie apartments at 5401 S. Loop Place were also issued a permit, from Empire Cos.

October 2026: Monthly permit valuation totaled $98 million, below the October average.
Through October 2026: Year-to-date permits totaled $894.2 million.

Construction Trajectory

Year-to-date permit valuation through October stands at $894.2 million, compared with $1.2 billion last year and $964.7 million two years ago, placing 2026 between those two earlier benchmarks. Commercial and residential construction figures show where that valuation is concentrated across the city's current building activity.

Slower permit activity can signal fewer new homes and apartments coming onto the market in Sioux Falls in the near term. Residents and businesses may notice differences in housing supply and local construction work as the year-to-date totals compare against prior years.

The takeaway

Monitoring monthly permit valuations offers a practical way to track whether Sioux Falls construction activity is accelerating or slowing. Comparing year-to-date totals against prior years reveals trends that single months can obscure.