Permits for single-family, detached houses totaled 464 in 2013, compared to 124 in 2012, according to information provided by the county government.
Total value of construction was listed at $51.08 million in 2013, compared to $13.1 million in 2012. Average cost of building a new house was $110,086 in 2013, an increase from $106,245 in 2012.
Paulding Board of Realtors president Pat McLeroy said she believes pent-up demand has led to an increase in sales and more demand for new houses. The supply in some price ranges has been low, which has led to multiple offers for a single house, she said.
“We’re anticipating having a good year,” McLeroy said.
The majority of 2013 single-family permits issued were in northeast Paulding, mostly in the Seven Hills area, said Ann Lippmann, director of the county community development department. A total of 166 single-family permits – about one in every three – were issued for homes in Seven Hills, Lippmann said.
By county commission post, 74 percent of the single-family housing permits were in Post 4, which includes northern and northeast Paulding.
Debi Littleton, president of the Paulding Homebuilders Association, said she could not predict if 2014 totals for permits for new homes will exceed 2013. Demand for new home construction could continue this year as the economy improves, she said.
The county government is encouraging economic development in Paulding, such as in the airport area, Littleton said. WellStar’s new Paulding County replacement hospital – predicted to add 500 new jobs – also will help the local economy, she said.
However, larger, out-of-county home builders, rather than Paulding-based builders, still are seeking most of the permits for single-family construction, Littleton said. Many banks still are not offering the credit they were offering to smaller builders before the economic downturn of 2008, when a number of banks which heavily relied on construction loans closed.
“It’s not like it used to be when builders were building 20 houses at a time,” Littleton said.
Home construction peaked in Paulding in 2005 when more than 3,400 permits were filed for single-family construction and the county was listed among the fastest-growing areas in the nation.