North Carolina Construction News staff writer
The City of Greensboro says building permits topped $1 billion last year – a historic mark.
Greensboro’s planning department’s annual report on key economic measures is now available online. Called the “Growth and Development Trends Report,” the document reveals recent trends.
“We saw a dramatic increase in development in Greensboro in 2021. This trend continued in 2022 and actually outpaced the year before,” says city planning director Sue Schwartz. “In 2023 things slowed down a little bit, but we are still growing.”
Key findings include:
- The value of construction as measured by -issued building permits hit a historic mark of more than $1 billion, a 37 percent increase from 2022.
- The number of jobs in Greensboro and the average annual pay of jobs has increased by 2.3 percent and 4 percent respectively. The data is from 2022, the most recent available.
- The record-breaking numbers of development reviews in 2020 and annexations in 2022 have returned to the trendline/normal/average numbers.
The trends report is available here: Population and Statistics Web page.