Wake building permits up 42%

dbracken@newsobserver.comJuly 24, 2013 

New single-family building permits were up 42 percent in Wake County through the first six months of the year, according to data compiled by the Home Builders Association of Raleigh-Wake County.

Compared to the first six months of last year, permits are up in all Wake County municipalities except Garner.

The biggest percentage increase through the first half of the year was in Wendell and Zebulon, where permits have increased from just five last year to 62 this year. In Rolesville, permits increased from 56 to 165.

Permits were up 65 percent in Fuquay-Varina, 63 percent in Raleigh, 52 percent in Apex and 39 percent in Cary.

There were 19 percent more permits issued in June than in the same month last year.

Most real estate observers expect new construction to ramp up over the next year. The Triangle’s inventory of new and existing homes for sale is now at record-low levels.

There were 7,691 homes listed for sale in Durham, Johnston, Orange and Wake counties at the end of June, down 19 percent from the same period a year ago, Triangle Multiple Listing Services data show. New inventory was down 9 percent.

Cary News is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service