2013 Housing Market Update
As we begin 2013 the Home Building Industry is the most optimistic it has been in six years. New home construction in the area began growing again in 2012 due to the abundance of inexpensive lots and lower construction costs. That growth is accelerating as we begin this year.
The election is over and with it the uncertainty that kept so many people on the sidelines.The allure of the Lowcountry with it unsurpassed quality of life has never diminished and people who were hesitant are now making the move.
Seventy-seven million Baby Boomers are approaching retirement and the Lowcountry is expected to attract an estimated two hundred thousand of them.
Lot prices and construction costs are beginning a slow climb as demand continues to increase.Interest rates continue at historic lows but that also will be coming to an end.If you are considering building a home in this area now is the time to act.
