By the Numbers: Local Economic Housing Overview Spring 2018

 

Your Spring 2018 Update on Housing Supply, Employment, House Prices and more:

  • In Asheville, NC, total permits year-to-date are up 45.5% to 985. Single-family permits are up by 13.8% to 653 but multifamily permits are up by 222.3% to 332.

 

  • Across the area of Asheville, NC, house prices grew by 2.8% over the first quarter of 2018 and over the past year, house prices in the metro area rose by 8.3%. 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 19.9% above their peak level.

 

  • The unemployment rate in Asheville is currently 3.6%, 0.1 percentage point below its level one year ago and 5.8 percentage points below its recession-era peak of 9.5%,

 

How does Asheville compare to the nation, the south region and statewide? Stay informed with this quarter’s two page informative economic overview prepared by the Economics and Housing Policy Department of the National Association of Home Builders. View the full current Housing Economic Report, data as of May 31, 2018.

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