Development in RaleighHousing in Raleigh is a booming industry. New construction is at an all time high, and the office sector showed the largest values in square footage and dollar amount. The commercial sector of new construction in Raleigh was the second largest in square footage, while the institutional sector was second in dollar value.There were 4,467 residential building permits for housing in Raleigh, North Carolina in 2005/2006 alone. Of those permits, 58.6% were single-family, 38.3% townhouse, 1% two-family, and less than 1% three and four family apartments and condominiums.As of 10/31/2006, the total value of authorized construction was $1,655,531,782. For the eighth consecutive year, total construction authorized in Raleigh was over $1 billion. This number reflects an increa...
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