Residential Real Estate

Local data shows significant increase in new residential permits in 2021

By Staff Report, posted 4 years ago

Although industries across the community and nation have fought to succeed over the last two years due to the pandemic, supply chain issues, and a variety of other hindrances, the high demand for housing has created opportunity for growth in the residential real estate and construction markets. 

In fact, statistics from the Homebuilders Association of Fayetteville show that, until 2021, the last time the City of Fayetteville and Cumberland County combined exceeded 700 new residential permits was in 2014. 

In 2014, the area saw 744 new residential permits. In 2021, the area had 723 new residential permits. From 2015-2020, the next highest number of new residential permits was in 2019, clocking in at 665 – 58 permits less than 2021. 

Out of the 723 permits last year, 382 were Cumberland County permits with a total cost of $69,233,621,  and 341 were City of Fayetteville permits with a cost of $72,803,062.

The area also saw a high number of residential remodel permits. Cumberland County had 418 such permits and the City of Fayetteville had 503. 

Ico insights

INSIGHTS

SPONSORS' CONTENT

In The Current Issue

Empowering Veterans: The 2026 Fayetteville Veterans Business Expo aims to close the opportunity gap

This is the first year of the Veteran Business Expo, and it grew out of Fayetteville PWC’s Economic Impact Program, which focuses on expanding access and opportunity in public-sector contracting while strengthening the local economy. It builds off th


Bee-lieve the hype: Local apiarists and entrepreneurs share handmade crafts and helpful knowledge about our most important pollinators

Lynlene Apiary and Crafts is owned and operated by mother-daughter duo Carolyn Kleinert and Jolene Kleinert. They are certified apiarists and sell honey, candles made with beeswax, soaps and other crafts at local farmers markets. Photos by GFBJ.Lynle


The Hive of Hope Mills is open for business: Big T's serves as anchor tenant

Big T’s has been a local favorite of Hope Mills since 2000 when Timmy (Big T) and Donna Gray first opened right on Hope Mills Lake. It is a seasonal restaurant, so many of Big T’s loyal customers were happy to hear they would now be open year-round, seven days a week.