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Non-Residential Construction Strong with Residential Construction Trending Upward

The April 2015 edition of the Winston-Salem/Forsyth County Planning & Development Services’ Development Dashboard newsletter reads:

“For the first quarter of 2015, nonresidential construction permit value (new construction and redevelopment together) totaled $79 million, three times the value of permits issued during the first quarter of 2014. The $49 million in nonresidential new construction alone equaled the total value of nonresidential new construction for all of 2014. Nonresidential redevelopment value totaled $30 million, 20% greater than the same period last year. The first quarter residential new construction value totaled $43 million for 272 new single-family and 235 multifamily dwelling units, a dollar value increase of 43% from the first quarter of 2014.”

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