In Asheville, NC, total permits year-to-date are down by 4.8% to 2,622. Single-family permits are up by 5.9% to 1,807 but multifamily permits are down by 22.2% to 815. Asheville, NC added 3,300 jobs over the past year.
The unemployment rate is currently 3.4%, 0.8 percentage point below its level one year ago and 6.0 percentage points below its recession-era peak of 9.4%.
Across the area of Asheville, NC, house prices grew by 0.3% over the third quarter of 2017 and over the past year house prices in the metro area rose by 7.0%. At its low, reached in the second quarter of 2012, house prices in Asheville, NC were 15.4% below their fourth quarter of 2007 peak level. Currently, house prices in Asheville, NC are 13.9% above their peak level.
Stay informed with this quarter’s two page informative economic overview on what you need to know across the nation, in the south region, statewide and locally in Asheville covering:
- Housing Supply
- House Prices
- NAHB/Wells Fargo Housing Market Index