(inflation-adjusted, normalized scale)
Residential building permits in the Triad, which reflect planned construction, rose 0.8% in May. Over the past 12 months, the pace of planned residential building has risen 13.1%. At the national level, permits were up 9.6% in May and up 22.9% over the past 12 months.
Construction employment in the Triad was up 1.0% in May, but down 0.5% over the past year.