Residential Real Estate

Local data shows significant increase in new residential permits in 2021

By Staff Report, posted 3 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

Mission accomplished: Womack Army Medical Center's 2025 Nurse Summer Training Program sees successful results

All smiles on graduation day! (From left to right: Back row: Col. Donald Kimbler, Cadet John Lopes, Cadet Priscilla Wright, Cadet Jakob Feaster, Maj. Cameron Player, Col. Guy St. Louis; Middle row: Capt. Carmen Williams, Cadet Nyah Marzan, Cadet Madi


Bringing care closer: Cape Fear Valley Health Expands adolescent behavioral health services with new Lillington facility

CFVH celebrated the groundbreaking for their new adolescent inpatient psychiatric unit in Lillington on Jan. 31. The facility is estimated to be completed by December of this year and is located on the campus of Central Harnett Hospital at 215 Bright


Celebrating 75 years of service: Honoring Sampson Regional Medical Center's rich legacy

 The 75th Anniversary Celebration featured remarks from hospital and community leaders, as well as historical displays showcasing the hospital’s journey. Photos by GFBJ.On Friday, Oct. 10, Sampson Regional Medical Center celebrated 75 years of s