New Hanover County construction up
July 9, 2012By Meredith Burns
Construction in New Hanover County continues to show signs of growth, according to the county’s June construction activity report.
So far this year, builders have invested $439.5 million in construction projects across the county, a 24 percent increase over this time last year.
The number of new construction permits for June is also up.
County development services officials reported 51 total new single-family, multi-family and commercial permits, which is slightly higher than this time last year when 46 new permits were filed with the county.
There were 41 new single-family construction permits in June, bringing the fiscal year 2011-12 new single-family units to a total of 524, a 35 percent increase over the previous fiscal year. One new multi-family permit was also filed, along with nine new permits for commercial construction.
The largest new commercial project permitted in June was for a new 10,800-square-foot office building on Boundary Street in the North Kerr Industrial Park budgeted at $830,000.
Currently, there are more than 200 building projects in review with a total construction value of more than $100 million, according to the report.
Because of software upgrades, the permit information from June 29 will be included in July’s report that will be published in early August.