Residential Building Permits
(inflation-adjusted, normalized scale)
Residential building permits in the Triad, which reflect planned construction, slipped 5.5% this month. Over the past 12 months, the pace of planned residential building has decline 8.0%. At the national level, permits slipped 0.2% in March but are up 26.4% over the past 12 months.
Construction employment in the Triad is down 12.9% over the past year and was lower by 2.9% this month.