Building Continues in New Hanover County
New Hanover County, NC – New Hanover County’s trend in residential construction continues to strengthen this fiscal year with more than $90 million construction dollars spent. According to the latest construction activity report, issued by the New Hanover County Development Services Center, the largest project permitted in December was an $7.6 million multi-family apartment complex on Cedar Lane in Wilmington. The second largest project was a private aircraft hanger at 1859 Dolan Drive, at a cost of $1 million.
Other significant highlights include:
Residential New Construction
- A total of 75 new single family residential permits were issued in December, a 38% increase from same period in 2011.
- For this fiscal year to day, permits have been issued for 364 new single family units, compared to 243 units during the same period in 2011 – a 33% increase.
Total Construction Comparison (December 2012 to December 2011)
- The overall number of inspections increased by 3%.
- Construction permits issued increased by 9%.
- Construction dollars spent increased by 54%.
Total Construction Fiscal Year Comparison (2012-13 to 2011-12)
- Total construction dollars spent decreased 4%.
- Total number of permits issued increased 2%.
- Total inspections for Building, Electrical, Mechanical, Plumbing, and Zoning increased 16%.
- Permits issued at no cost for city and/or county government projects for this fiscal year-to-date remains at .01% of the total construction dollars spent.
- Total new construction dollars spent for residential construction have now increased to 6% over commercial construction dollars spent.
Projects in “The Pipe”
- After issuing building permits in December 2012, totaling $27.8 million, there are 129 projects that remain in the plan review process, totaling $106 million.
The complete construction activity report is available at this link.