Wake building permits down 4 percent in March
04/22/2014 2:24 PM
04/22/2014 2:25 PM
New single-family building permits were down 4 percent in Wake County in March compared to the same period a year ago, according to data compiled by the Home Builders Association of Raleigh-Wake County. Permits were up 19 percent when comparing the previous 12 months to the 12-month period between April 2013 through March 2014.
Over that same period, permits were up 48 percent in Apex, 22 percent in Garner, 35 percent in Rolesville, 25 percent in Knightdale, 11 percent in Raleigh and 12 percent in Cary. The only Wake municipalities to see a decline in permits were Wake Forest, where permits were down 6 percent, and Morrisville, where they declined 4 percent.
The March permit numbers this year were likely hurt by bad weather in the Triangle. Still, the number of new homes on the market is steadily rising.
There were 1,534 new homes listed for sale in Durham, Johnston, Orange and Wake counties in March, up 19 percent from the same period last year, Triangle Multiple Listing Services data show.
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