March was an extremely busy month for builders.

Single family permits rose
70% for the month of
March. This increase pushed
the overall permit numbers
for the first quarter to 1,402
for a 51% increase. We have
seen an 83% increase in
permit activity since 2011.
Single family permit value
rose to $300 million with a
total value of $432 million
for all permits. Over 69% of
all permit value for Wake
County is single family.
Average permit value is at
$214K with 1,402 permits
pulled. This economic
activity will generate 4,206
jobs in Wake County this
Remodeling permits remain
flat for the year. Number of
remodeling permits totaled
1,397 with an average dollar
value of $22K.



This entry was posted in Home Building, Real Estate, Warranty Service. Bookmark the permalink.

Comments are closed.