Greenville County Residential Permits Drop 44%


County’s residential building permits drop 44 percent

April 29, 2008

Residential building permits in Greenville County fell more than 44 percent in the first three months of this year, reflecting the housing market’s struggles but not necessarily weakness in the local economy, experts said today.

A report released today from The Market Edge, a Knoxville, Tenn.-based firm that tracks residential and commercial building trends in the Southeast, showed housing starts in the county dropped 44.3 percent in the first quarter of 2008 compared with the first three months of 2007.

Bruce Yandle, dean emeritus of Clemson University’s College of Business and Behavioral Science, said what’s happening in Greenville is true nationwide.

Still, “In terms of employment growth, it’s growing at a much more rapid rate than the nation,” he said.

“The housing sector is certainly slow and is going to be slow for some time. Aside from that sector, the economy seems to be doing rather well.”


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