Local builders have been busy in the Triangle area! Building permits rose 70% in March from the previous year. The increase pushed the overall permit numbers for the first quarter to 1,402 for a 51% increase according to www.wakegov.com.
Triangle Area Building Permits on the Rise
According to Tim Minton, the executive vice president of the Home Builders Association of Raleigh, new construction continues to rise and the new construction sector continues to see an upswing in permits for 2013. The average permit value is $213,000. Remodeling permits are averaging at about the same rate from last year.
Wake County reported that during March, Raleigh was at the forefront with 346 permits issued, followed by Cary with 261 permits. The towns with the least amount of permits were Apex and Holly Springs.
This is obviously great news because with new home construction comes more jobs for the Raleigh area! The housing market is making a strong come back in the Triangle Area! “But what does this mean for local homebuyers and sellers?
What Does it Mean For Raleigh Real Estate Buyers and Sellers
With this increase in building permits, people are still in good positions to buy and sell. Buyers can expect more options and homes tailored to fit their needs. Triangle sellers can expect a level of competition so it is important to prep your home and market it well. Linda Craft and Team, REALTORS has a specialized marketing and listing team with years of experience and uses the most up-to-date technology to sell your home!
Whether you are in the market to buy or sell, Linda Craft and Team, REALTORS is ready to help you achieve your dreams!
Peace, love and happy homes!
Ashley, Director of First Impressions