CONCORD, N.C. – The new housing market continues to show signs of improvement, with April single-family detached home permits the highest since 2008, according to figures from the Cabarrus County Building Standards office.
Cabarrus County building permits in April totaled nearly $18.3 million despite the absence of any project of more than $1 million. Single-family homes made up nearly $13.3 million of the total
There were 33 new home permits issued in Concord with an estimated value of $5.4 million. There were 17 permits in unincorporated areas of the county for a total of nearly $3.1 million.
In Kannapolis, 16 new home permits were issued in April totaling nearly $1.9 million. Harrisburg had 15 permits worth $2 million. There were 10 permits in Midland worth a total of $862,644.
New home permit values in April for the past four years were: $7.8 million, 2012; $5.1 million, 2011; $8.5 million, 2010; and $6.6 million, 2009.
Despite the higher numbers, new home building still falls short of the levels prior to the recession. Cabarrus County issued 121 new home permits worth $20.4 million in April 2008, and 254 permits for $33 million in April 2007.
The first quarter of 2013 also continued to track higher than the past several years. Through April 30, Cabarrus County issued 364 single family permits worth $51.5 million and a total of 806 permits for $96.9 million. Those figures are also the highest for the first four months of the year since 2008, when there were 455 single family permits for $74.7 million and 1129 total permits for $270.2 million.
Here are the other four-month totals: 2012, $29.3 million single-family and $83.0 million total; 2011, $21.7 million single-family and $56.2 million total; 2010, $28.3 million single-family and $64 million total; and 2009, $20.7 million single-family and $71.4 million total.
All figures come from the Cabarrus County Building Standards office. Permit values are rounded to the nearest tenth of a million dollars.
Contact Mark Plemmons at 704-789-9140.