According to Builder Magazine, Raleigh, North Carolina is the place to be if you are in construction this year. Building permits increased 85 percent last year, with “much of the strength on the multifamily side,” reported the magazine when explaining the accolade.
The magazine ranks metro areas based on a system called the “Builder Healthy Markets Index.” It factors in home prices, employment, household formation and income.
Tim Minton, the Home Builders Associations’ executive vice president in Raleigh-Wake County, explained how Raleigh is thriving in today’s market. He credited many of the positive accolades that the area has received with attracting business, as well as the area’s home builders’ ability to deal “with manageable inventory levels” and respond well to the “changing demand of the market.”
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