Charleston New Homes - Charleston Home Builders Association

Charleston New Homes
Snapshot
­­Volume SIX | Issue ONE | March 2014
Observations & Trends
Welcome to the first issue of the Charleston New Homes Snapshot for 2014. I hope
everyone is off to a great start in the new year!
Our local real estate market experienced the best year since 2007 in several
categories ranging from over 12,000 closings in the overall market to over 2800 new
home closings and over 3700 permits pulled by area builders. As we enter 2014,
we will be challenged by the shortage of finished lots, however, the development
activity has returned to 2006 - 07 levels with many parcels in all three counties going
through this tedious process. Below we will take a look at how we end 2013 regarding
permits, closings, and the ranking of the top 10 builders in our market. If you have
any questions, feel free to contact me anytime.
~Will Jenkinson
Single Family Permit Year over Year
Comparison
New Homes Services
Land & Asset Services
Community Sales
& Management
Professional Site Agents
Training Programs
Market Reports
(Research)
Marketing/Design
Services
Above you will find a graph from Real Estate Information Service, Inc that shows the
single family permit activity in the Tri County area for the last four years. Overall, permit
activity is up almost 50% since 2011 and is the highest since 2007. Typically, strong
permit activity is a good sign that builder confidence is increasing in the market. This is
always a strong indicator of the future and it seems positive by this graph.
© This material is the property of the Real Estate Information Service, Inc. and Carolina One New Homes and cannot be used without consent.
New Homes Closing Year over Year
Comparison
Above you will find a graph from Real Estate Information Service, Inc that shows the
new home closing activity for the past four years. As you can see, new home closings
edged closer to the 3000 number mark in 2013 and is up 38% over the past two
years. With permit activity continuing to grow and new developments taking shape
this year, we will continue to see this number increase over the next several years.
Top 10 Builders Closings in 2012 to 2013
For more information on new home
data and REIS contact:
Brian J. Foster
Sales and Research Consultant
bfoster@reisonline.com
Office: 843.297.7182
Mobile: 843.723.8682
Contact Information:
Will Jenkinson, BIC
wjenkinson@carolinaone.com
843.202.2023
The chart above provided by Real Estate Information Service, Inc shows the
new home closings for the Top 10 Builders in Charleston comparing 2012 to
2013. Overall, there was a 28% increase from year over year for this group
and they also represent 78% of the total new home closings in the entire
market for last year. Lennar had the largest percentage increase while Pulte
led the way with total units closed in 2013.
© This material is the property of the Real Estate Information Service, Inc. and Carolina One New Homes and cannot be used without consent.