Cary issued 130 permits for new detached houses and townhouses in Q1. The top three subdivisions permitted were Carpenter Village (31), James Grove (23), and Estates at Weddington (22). Overall, permits for new detached homes and townhouses decreased 48% in comparison with Q1 of FY 2022.
Q1 saw 198 detached houses and townhouses certificates of occupancy (COs) issued, an average of 3.1 certificates per workday. This is a 2.6% increase compared with the COs issued in Q4 of FY 2021. The subdivisions receiving the most COs were James Grove (37), Brickyard (31), and Carpenter Pointe (16).
Cary also issued building permits for 349 units in three multifamily projects in Q1: Aventon at Kitts Creek (293), Weatherstone Creek (40), and Franklin Park (16).