New Single-Family Permits Issued
New single-family permits for Q4 totaled 290, which was down from the quarter’s five-year average of 328. However, new single-family permits for FY 2018 totaled 1,128, which is up from the five-year average of 1,087. In Q4, new single-family permits were issued in 41 subdivisions, with the top five subdivisions being Amberly Glen (32), Pipers Crossing (26), Hayesbury Townes (17), Peninsula at Amberly (16) and Ridgefield Farms (15).
New Multi-Family Permits Issued
There were five new multi-family permits issued in Q4, totaling 348 units. These permits were issued for Hillstone at Alston Town Center and HealthPark at Kildaire. The total number of new multi-family units issued in FY 2018 were 366, which is down from the five-year average of 439 units.
Residential Alteration and Addition Permits Issued
Residential alteration and addition permits for Q4 totaled 454, which was up from the quarter’s five- year average of 433. In addition, residential alteration and addition permits for FY 2018 totaled 1,693, which is also up from the five-year average of 1,579. The continued upward trend of residential alteration and addition permits is consistent with the redevelopment theme in the 2040 Imagine Cary Community Plan.