Construction Value
$1.06B ▼ 14%
Units Permitted
5,044 ▼ 21%
Avg Value / Unit
$211K
2024 · Census Bureau Building Permits Survey
Construction activity in Raleigh slowed in 2024, down 21% from the prior year with 5,044 housing units permitted. At $211K per unit, new builds are 11% below the Wake County average of $237K, indicating more affordable construction. Volume is 1,942% above the county average of 247 units, suggesting faster-than-typical growth. 67.2% of new units were multi-family (apartments, condos, duplexes).
Housing Mixi
Development Densityi
Units per building permitted
Mostly single-family with some small multi-unit buildings.
Construction Intensityi
$2K
per resident
County avg: $4K-37%
$7.0M
per square mile
Raleigh vs. Wake County Averagei
Where the Money Goesi
Construction value by housing type (2024)
| Type | Units | Bldgs | Value | Share |
|---|---|---|---|---|
| ■ Single-Family | 1,653 | 1,653 | $477.1M | 45% |
| ■ Duplex | 48 | 24 | $8.5M | 1% |
| ■ 3-4 Unit | 4 | 1 | $557K | 0% |
| ■ 5+ Unit | 3,339 | 48 | $577.7M | 54% |
County Ranking by Construction Volume
Among 12 permit-issuing towns in Wake County
Historical trends, year-over-year analysis, and full permit history available with a paid plan. See products & pricing →