Wake County Building Permits; 3Q/13

Building permits issued during the quarter were 17% higher than the number issued during 3Q/12. Total construction volume associated with the permits issued decreased 13%. Dividing the total construction cost by the number of permits issued produces a per permit cost of $142,515. This average represents a 26% decrease compared to the 3Q/12 average.
Year to date permits issued were up 30%.

About TARR Report

S.M.A. Publications was formed in 1997 with a mission of providing real estate information for practitioners within the Research Triangle Park area of North Carolina. The company produces the T.A.R.R. Reports which are published monthly, quarterly and annually, covering all aspects of the residential real estate market. The publisher, Stacey P. Anfindsen, has over 23 years of residential experience in the Triangle market. He is an active real estate appraiser, educator and consultant.
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