RALEIGH, N.C. (WTVD) Home developers said they believe new construction is not keeping up with population increases in the Triangle. The demand is there, no question. The money is there, no question. Our builders desperately want to meet that demand head on. It s labor, it s access to materials, it s lot availability, said Paul Kane, the Executive Vice President and CEO of the Home Builders Association of Raleigh-Wake County.
Through November, single-family permitted homes were slightly up compared to 2019 (7,629 vs. 7,585), though multi-family units nearly doubled (4,020 vs. 2,166). Still, those numbers were fairly in line with 2018 totals (7,947 single-family units and 4,717 multi-family units respectively), despite the influx of people moving into the area.