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Data Dashboard: Residential Building Permits

Title

Residential Building Permits

Trend at a Glance



At last count

13,926 permits

Current Through

2017

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?

While the number of residential building permits dipped in 2017, Wake County remains well above the ten year average (approximately 11,950 permits).

Data Source

Wake County Revenue Department

Data Considerations

Not applicable.

Charts & Maps

Residential Permits 2017.jpg

Data is updated:

Data is available monthly by the Wake County Revenue Department.

Related Resources

Revisions

February 2018 to reflect data through December 2017

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Attachments

Created at 1/3/2014 4:15 PM by Lori K. Neumeier
Last modified at 2/13/2018 5:17 PM by Jason Horton

 



 

 

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