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Data Dashboard: Residential Building Permits

Title

Residential Building Permits

Trend at a Glance



At last count

14,918 permits

Current Through

2016

Category

Development

What does this measure?

This indicator provides the count and cumulative value of permits issued annually that change the tax value of residential real property. Such changes include new construction, additions, renovations, and demolitions. Issued permits that do not modify the taxable value of real property, such as permits issued for mechanical, electrical, plumbing, and other minor alterations, are not reported here. Because construction is a key measure of economic activity, this indicator provides insight into the health of the local economy, land development patterns, and building industry status. As increases in residential permits reflect population growth or movement, this indicator may be used to estimate changes to the tax base on a year-to-year basis. Note that numbers reported for prior years are not adjusted to reflect changes to municipal planning jurisdictions, including voluntary annexations or modifications to extra-territorial jurisdiction (ETJ) areas.

How is Wake County performing?

The effects of the national economic downturn were apparent in Wake County’s construction sector. In 2008, the number of residential permits issued fell 33%, and the dollar value of those permits fell 49%. Recovery in both number and value of residential permits has been gradual in recent years and still slightly below pre-recession levels.

Did you know?

The number of residential building permits issued in 2016 was 60% higher than in 2009, when the recession had its strongest impact.

Data Source

Wake County Revenue Department

Data Considerations

Note that numbers reported for prior years are not adjusted to reflect changes to municipal planning jurisdictions, including voluntary annexations or modifications to extra-territorial jurisdiction (ETJ) areas. 

Charts & Maps

WCBTN - Permits Residential.jpg

Data is updated:

Data is available monthly by the Wake County Revenue Department.

Related Resources

Revisions

April 2017; Revised to reflect 2016 year totals

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Attachments

Created at 1/3/2014 4:15 PM by Lori K. Neumeier
Last modified at 4/6/2017 12:49 PM by Jason B. horton

 



 

 

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