Greenville’s Residential Recovery Continues


Michael Dey views the 63 percent year-to-date increase in Greenville County residential building permits as Economics 101 — supply and demand.

“There’s an insufficient amount of existing homes on the market to meet current demand so new homes are being put on the market to meet that new demand,” said Dey, executive vice president of the Home Builders Association of Greenville. “As demand continues to go up, which we expect it will, the amount of activity will increase as well.”

Building permits for the Upstate as a whole rose 23.1 percent from first quarter 2011 to the same period this year, and 26.3 percent from fourth quarter 2011 through the first three months this year, according a quarterly trend report from Knoxville-based The Market Edge.


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