New single-family housing building permits jumped 18 percent in Wake County in April compared with the same period a year ago, according to data compiled by the Home Builders Association of Raleigh-Wake County.
Permits were down 3 percent when comparing the previous 12 months to the 12-month period between May 2014 and April 2015.
Over the past year, activity has picked up considerably in towns in the eastern and southern areas of Wake County while the two largest municipalities – Raleigh and Cary – continue to see declines as the inventory of available lots dwindles.
Permits increased 12 percent in Fuquay-Varina, 20 percent in Wake Forest, 29 percent in Holly Springs, 75 percent in Wendell and 27 percent in Zebulon.
Over that 12-month period, permits were down 33 percent in Cary, 50 percent in Knightdale, 4 percent in Apex, 9 percent in Raleigh, and 9 percent in Garner.
Wake County accounts for about 60 percent of the new housing starts in the Triangle, according to Metrostudy, a research firm that tracks Triangle housing trends. That area includes Wake, Durham, Chatham, Johnston, Orange, Franklin and Granville counties.
At the current pace of new construction, Wake County now has just a 21-month supply of developed lots. That compares to a 34-month supply for the areas outside Wake.
Lots are particularly hard to come by in western Wake. In Cary, supply is significantly below the 18 months required to replace the lots lost to new construction, according to Metrostudy.