Wake County Building Permits up 30 Percent
The HBA of Raleigh-Wake County is reporting that building permits for single family homes have increased 30 percent in January through September compared to last year.
The Home Builders Association accumulated data for all municipalities of Wake County building permits. Wendell had the largest increase in building permits at 83 this year, compared to only 17 last year. Rolesville had the second largest increase with 226 from 120. Apex came in third with an increase 67 percent, followed by Fuquay-Varina with 55 percent, Raleigh with 25 percent and Cary with 18 percent. Morrisville and Garner were the only towns that did not see an increase in Wake County building permits. September saw 37 percent more building permits than September last year.
Building Permit Estimates
The US Census Bureau estimates that 918,000 building permits for privately-owned housing units were submitted in August of this year, up from 827,000 last year. Neither US nor Wake County building permits are to the high levels they were before the recession hit. However, the increase over the past year is a clear sign that builder and consumer confidence is growing.
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