In the last year home building has surged 22 percent, and building permits are up 8 percent. Even the Builder Confidence Index is up, now above 60. However, first-time home buyers, which usually account for 30 percent of all new home buyers, is just 16 percent.
Why? Underwriting guidelines, underemployment, high student loan debt, and a lower than expected opinion of homeownership, according to Dr. David Crowe, Chief Economist of the National Association of Home Builders.
The Home Builders Association of Greenville are your neighbors and community leaders providing education and support for building industry professionals. We create jobs, encourage homeownership, and promote responsible growth throughout the upstate of South Carolina.
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