New single-family building permits jumped 51 percent in Wake County in the first quarter, according to data compiled by the Home Builders Association of Raleigh-Wake County.
The biggest percentage increases were in Fuquay-Varina, Rolesville and Wendell and Zebulon. Permits were up 75 percent in Cary, 77 percent in Raleigh and 83 percent in Morrisville.
Activity picked up considerably in March, with permits rising 70 percent compared to the same month a year ago.
The rise in permits comes as the inventory of Triangle homes for sale continues to fall.
There were just 7,669 homes on the market at the end of March, down 21 percent compared to the first quarter of 2012, Triangle Multiple Listing Services data show. The Triangle now has a four-month supply of homes on the market at the current pace of sales, down from a seven-month supply a year ago.