Building in Cabarrus County for 2016 was almost back to the peaks prior to the recession that hit in 2008.
Cabarrus County issued 3305 building permits during 2016 with a total value of nearly $623 million, according to reports at the Cabarrus Construction Standards Office. That compares to the high of 4316 permits in 2006 worth $667.9 million.
The building total values have climbed each year since the recession seemed to bottom out in 2010. That year there were 1270 permits worth a total value of $182.7 million.
Since then the permit totals and values have been: 2011, 1956 for $205.7 million; 2012, 2111 for $275 million; 2013, 2449 for $315 million; 2014, 2790 for $362.5 million; and 2015, 3111 for $425.6 million.
Housing boom continues
Single family detached (SFD) homes accounted about a third of the building in 2016. SFD accounted for 1368 permits worth $206.1 million. That is the highest since 2007 when there were 2141 homes worth $318 million.
Concord continues to lead the housing boom with 584 SFD permits for the year worth $75.8 million. Kannapolis had 281 permits worth $38.3 million, but value wise was less than unincorporated areas of Cabarrus where there 205 houses worth $45.9 million and Harrisburg with 240 projects for $39.8 million. Midland had 43 homes worth $5 million; Locust, nine for $824,650; and Mount Pleasant, four for $402,000.
Fourth quarter numbers
October through December continued the upward trend with 694 permits issued with a total value of $117.7 million. That compares to 711 permits in the fourth quarter of 2015 worth $79.2 million.
Other recent fourth quarters include: 2014, 696, $92.8 million; 2013, 526, $87.4 million; 2012, 477 for $46.3 million; 2011, 421 for $70 million; 2010, 173 for $53.7 million; 2009, 276 for $33.1 million; 2008, 344 for $93.4 million; and 2007, 800 for $113.1 million.
Fourth quarter SFD permits have been relatively steady for the past three years. In 2016, the county issued 317 permits worth $45.8 million compared to 308 in 2015 for $43.1 million and 303 in 2014 for $42.6 million.
Big fourth quarter permits
At least 15 permits were issued of $1 million or more during the fourth quarter.
A $14.1 million permit was issued in early October for Intertape Polymer Corporation's plant in Midland. The company will begin taking job applications next week.
A $5.1 million permit was issued for a project Corning Inc., also in Midland.
The second largest permit of the quarter was $8 million for a spec building being built for The Silverman Group off Derita Road.
A $4.7 million permit was issued for a project at Christenbury Corners at Concord Mills. A new Kohl’s Department Store is under construction along with other businesses.
There were several fourth quarter commercial permits issued in the Concord Mills area.