Upstate ranks nationally in new home construction

Upstate ranks nationally in new home construction

America is still in a housing shortage but some areas are moving faster than others in authorizing new construction.The Upstate is one of those areas.The Greenville-Spartanburg-Anderson area is in the top 15 in the country in new construction approvals.The list is based on data from the Census Bureau and Zillow. The data show the Upstate region sees nearly 30 units of new home construction per 1,000 existing homes. That ranks 14th in the nation compared to other mid-size metro areas.Those in the housing industry say it’s an exciting time but the Upstate is going through some growing pains and seeing some major delays.Todd Usher runs the development group Addison Homes in the Upstate.”We’re dealing with a shortage of labor and then throw supply chain challenges on top of that and it compounds the effect,” Usher said. “On one hand it’s great to be in a booming market but on the other hand many of us builders would like things to slow down a little bit.” However, Usher also said the popularity of the area, pent-up demand and the lack of inventory means developers in the Upstate will not be slowing down any time soon.

America is still in a housing shortage but some areas are moving faster than others in authorizing new construction.

The Upstate is one of those areas.

The Greenville-Spartanburg-Anderson area is in the top 15 in the country in new construction approvals.

The list is based on data from the Census Bureau and Zillow.

The data show the Upstate region sees nearly 30 units of new home construction per 1,000 existing homes.

That ranks 14th in the nation compared to other mid-size metro areas.

Those in the housing industry say it’s an exciting time but the Upstate is going through some growing pains and seeing some major delays.

Todd Usher runs the development group Addison Homes in the Upstate.

“We’re dealing with a shortage of labor and then throw supply chain challenges on top of that and it compounds the effect,” Usher said. “On one hand it’s great to be in a booming market but on the other hand many of us builders would like things to slow down a little bit.”

However, Usher also said the popularity of the area, pent-up demand and the lack of inventory means developers in the Upstate will not be slowing down any time soon.

https://www.wyff4.com/article/upstate-ranks-nationally-in-new-home-construction/40472211

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