Commercial, housing construction surges in March
CONCORD, N.C. – The construction industry continued its boom in Cabarrus County with 281 building permits issued in March worth an estimated $47.8 million, according reports in the Cabarrus County Construction Standards office.
Six projects worth more than $1 million each were permitted in March.
A new project is underway at the Poplar Pointe Business Park at 8230 Poplar Tent Road. A permit worth $1.8 million was issued to RAYLEE LLC.
A $1.7 million permit was issued for work at Celgard in the International Business Park.
The newest Harrisburg fire department station was permitted in March at 1774 Pembrook Road. The estimated cost was listed at $1.51 million.
Another permit was issued for $1.5 million on Mulberry Road at Southeastern Packaging.
Three permits worth a total of $1.35 million were issued for work inside Concord Mills Mall.
Single-family detached houses accounted for 161 permits and nearly $22.9 million in value. Concord led the way with 64 permits for $8.4 million. Kannapolis had 34 permits for nearly $4.9 million.
Other housing totals were: 24 in Cabarrus County for $4.2 million; 29 in Harrisburg for $3.9 million; seven in Midland for 813,700; and three in Locust of $630,000.
The average cost of the houses in March was $142,009. A year ago Cabarrus County issued 152 single family detached permits worth $19.0 million. That is an average of about $125,217 per home.
The single-family total of $22.9 million in March was more than all permits in March 2014 when there were 280 permits issued for $22.7 million.
The March single-family total was the most of the month since March 2007 when the county issued 205 permits worth $31.5 million. Here are other March single family totals: $19 million, 2014; $15.4 million, 2013; $6.6 million, 2012; $6.4 million, 2011; $8 million, 2010; $5 million, 2009; and $14.4 million, 2008.
The March average price per home has fluctuated: $160,798 in 2013; $126,007 in 2012; $127,203 in 2011; $144,985 in 2010; $157,159 in 2009; $138,756 in 2008; and $153,482 in 2007.
Contact Mark Plemmons at 704-789-9140.