3 Big Questions about Raleigh Construction (Answered by Data)
1. What types of construction projects have been done in Raleigh?
Between 2000 and 2018, about 69% of planned Raleigh construction projects were residential. Of these, the most common projects involved the construction of new buildings, while the most common non-residential projects were repairs and alterations to existing buildings
2. How much does the average construction project cost?
The average construction project in Raleigh had an estimated cost of just over $192,000, but that number requires some explanation. A few unusually expensive projects, such as additions to REX Hospital, brought up the average substantially.
In fact, 75% of projects were estimated to cost under $135,000, and the median project ran at just $53,616. These numbers give you a better sense of how much the typical project costs than you would get by looking at the statistical mean.
3. Where has the most construction been done?
Four street names have been the site of over a thousand projects each. (For context, the median number of projects per street name was nine.) They were:
Glenwood: 2416 projects
Six Forks: 1542 projects
Falls of Neuse: 1521 projects
Capital: 1106 projects
There’s probably a lot more I could do with this data. Are there any questions you would like me to answer in a future post? Does anything here make you feel curious? You can let me know by commenting below or emailing me at email@example.com