Category Archives: U.S. Single Family Residential Market
Higher demand and limited supply means higher home prices in the CHS region as the inventory of available lots has been depleted and most of the new lots won’t come online until 2015 or 2016. The Post and Courier’s Tyrone Richardson has the story.
With a 3.4% growth, ranking it 95th in the nation, Berkeley County, delivered an estimated 2,472 homes in a little over four years, according to the U.S. Census Bureau. To the south, Jasper County ranked at #98, but with a much smaller base. The Post and Courier’s Tyrone Richardson has the brief story.
Among the top 100 US metro areas, CHS’ prices increased more than any city in the nation, according to the Federal Housing Authority with a 10.7% rise in the first three months of 2014 as compared to prices in Q1 2013. This compares to 5.3% rise for the state and a 1.3% increase for the nation. John McDermott of The Post and Courier has the story.
The CoStar Group, a national commercial real estate data tracking firm, confirms 2013 signified the confirmation most knew, that the single family residential market has rebounded, and with it, condo sales. But not yet condo development. A link to the CoStar article.