19 New Residential Permits Issued in February

Building permits increased significantly in the month of February 2012 in the city of Central with a total of 19 new residential permits being issued.  The total valuation of these permits was $3,502,834.00. 

Within these permits, two were issued in Village at Magnolia Square with an average building valuation of $196,645; four in Morgan Springs with an average valuation of $151,994; three in Village Lakes with an average valuation of $215,020; six in Burlington Lakes valued at an average of $162,267; one in Woodstock valued at $197,748; one in Wisteria Lakes valued at $202,074; one on Four Oaks Dr valued at $250,902; and one on Hwy 64 valued at $232,180.   A total of 29 new residential home permits have been issued so far this year.

Building valuation is the price based upon the square footage of the home used for permitting purposes.  The actual selling price of the home is usually higher than the valuation and depends upon amenities installed by the builder.