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Wake County Out-Paces The Country For New Home Construction

New Home Construction Permits Soar in Wake County

New Home Construction in Wake County reached a seven-year high in July with a 19 percent jump in the number of building permits issued in the county and its 13 municipalities compared to the same time in 2014.

Wake County builders applied for 654 building permits for new residential units in July according to county’s revenue department. The last time residential permits in the county surpassed 650 units was in July 2008; at the brink of a national recession and a housing downturn that was already several months in. In 2006 and 2007, the county was averaging between 800 and 1,200 new housing permits per month.

Based on the July report, construction activity in the Triangle is outpacing the national average. Building permit estimates nationally were up 7.4 percent in July compared to the year prior. The value of the new residential units under construction in Wake County was also up 19.7 percent in July. Permits issued for remodeling and home addition projects were also up in July with 780 permits issued.

Lisa Southern Real Estate, located at 15 E. Martin St. Raleigh, NC 27601, is in the know when it comes to new home communities. If you are interested in buying New Home Construction, call us today at 919-800-0880 to learn where the current new communities are, and where new communities are going to be in the future!

 

New Home Construction in Wake County is About to Explode!

 Construction had a slow start to the year, however, building permits for residential projects in Wake County jumped by 10% in March 2015 compared to March 2014. What does this mean? Builders are starting to build new homes. As home inventory dwindles after the winter months, home buyers have less to choose from during their home search. With new home construction starting in earnest for the Spring, home buyers will have more home styles and locations to choose from. Many times, home buyers can put an offer on a home in progress, which means that they will have the ability to customize some features of their new home.

 

Lisa Southern Real Estate, located at 15 E. Martin St. Raleigh, NC 27601, has their finger on the pulse of the real estate market in Wake County. In the last twelve months, 1 out of 5 homes sold by Lisa Southern Real Estate has been New Construction. We are knowledgeable about new home communities that are coming to Wake County, and know all of the new home communities that will fit your criteria.

 

Many new home communities will have models available to preview. If you are interested in buying a home in Wake County, call us today at 919-800-0880 for more information on new home communities, or visit our website to start your new home search!