SC Building News
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Builders Rally Around Strong South Carolina Market
More than 500 South Carolina home builders and building professionals held a rally on the steps of the State House in Columbia last month to heighten consumer and media awareness of the states healthy housing market.
I believe South Carolinas home building is in better shape than most states to recover, said Dr. Doug Woodward, the director of research and professor of economics at the Moore School of Business at the University of South Carolina.
The deep housing problems that we hear about are in Florida, California and even Atlanta, he said to residents and reporters at the rally. South Carolina has less toxic subprime mortgages than most states. Actually, South Carolina has few fundamental problems with mortgages.
Speakers at the rally, sponsored by the Home Builders Association of South Carolina, Manufactured Housing Institute of South Carolina, Affordable Housing Coalition of South Carolina and South Carolina Mortgage Brokers Association, also pointed out that the states strong housing market featured quality, affordable homes that meet the needs of families across the economic spectrum.
Even during the economic downturn, the state has continued to enjoy modest home price appreciation with inland metropolitan areas such as Columbia and Greenville performing particularly well. South Carolina also has had less exposure to subprime mortgages and fewer home foreclosures than most states, rally organizers said.
Yes, underwriting guidelines have tightened, said Robert Dozier, chief operating officer and managing director of Homeowners Mortgage Enterprises, a subsidiary of CoastalStates Bank, and former director of the Federal Home Loan Bank of Atlanta. But now more than ever, we need to get back to creating true partnerships between home builders and lenders.
Programs through the state and federal government are helping to keep the states housing market strong, rally organizers said. The recently-enacted federal tax credit of as much as $7,500 for first-time home buyers and efforts of the South Carolina State Housing Finance and Development Authority to provide downpayment assistance have helped increase homeownership in South Carolina in recent months.
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Builders Rally Around Strong South Carolina Market
More than 500 South Carolina home builders and building professionals held a rally on the steps of the State House in Columbia last month to heighten consumer and media awareness of the states healthy housing market.
I believe South Carolinas home building is in better shape than most states to recover, said Dr. Doug Woodward, the director of research and professor of economics at the Moore School of Business at the University of South Carolina.
The deep housing problems that we hear about are in Florida, California and even Atlanta, he said to residents and reporters at the rally. South Carolina has less toxic subprime mortgages than most states. Actually, South Carolina has few fundamental problems with mortgages.
Speakers at the rally, sponsored by the Home Builders Association of South Carolina, Manufactured Housing Institute of South Carolina, Affordable Housing Coalition of South Carolina and South Carolina Mortgage Brokers Association, also pointed out that the states strong housing market featured quality, affordable homes that meet the needs of families across the economic spectrum.
Even during the economic downturn, the state has continued to enjoy modest home price appreciation with inland metropolitan areas such as Columbia and Greenville performing particularly well. South Carolina also has had less exposure to subprime mortgages and fewer home foreclosures than most states, rally organizers said.
Yes, underwriting guidelines have tightened, said Robert Dozier, chief operating officer and managing director of Homeowners Mortgage Enterprises, a subsidiary of CoastalStates Bank, and former director of the Federal Home Loan Bank of Atlanta. But now more than ever, we need to get back to creating true partnerships between home builders and lenders.
Programs through the state and federal government are helping to keep the states housing market strong, rally organizers said. The recently-enacted federal tax credit of as much as $7,500 for first-time home buyers and efforts of the South Carolina State Housing Finance and Development Authority to provide downpayment assistance have helped increase homeownership in South Carolina in recent months.
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Builders Rally Around Strong South Carolina Market
More than 500 South Carolina home builders and building professionals held a rally on the steps of the State House in Columbia last month to heighten consumer and media awareness of the states healthy housing market.
I believe South Carolinas home building is in better shape than most states to recover, said Dr. Doug Woodward, the director of research and professor of economics at the Moore School of Business at the University of South Carolina.
The deep housing problems that we hear about are in Florida, California and even Atlanta, he said to residents and reporters at the rally. South Carolina has less toxic subprime mortgages than most states. Actually, South Carolina has few fundamental problems with mortgages.
Speakers at the rally, sponsored by the Home Builders Association of South Carolina, Manufactured Housing Institute of South Carolina, Affordable Housing Coalition of South Carolina and South Carolina Mortgage Brokers Association, also pointed out that the states strong housing market featured quality, affordable homes that meet the needs of families across the economic spectrum.
Even during the economic downturn, the state has continued to enjoy modest home price appreciation with inland metropolitan areas such as Columbia and Greenville performing particularly well. South Carolina also has had less exposure to subprime mortgages and fewer home foreclosures than most states, rally organizers said.
Yes, underwriting guidelines have tightened, said Robert Dozier, chief operating officer and managing director of Homeowners Mortgage Enterprises, a subsidiary of CoastalStates Bank, and former director of the Federal Home Loan Bank of Atlanta. But now more than ever, we need to get back to creating true partnerships between home builders and lenders.
Programs through the state and federal government are helping to keep the states housing market strong, rally organizers said. The recently-enacted federal tax credit of as much as $7,500 for first-time home buyers and efforts of the South Carolina State Housing Finance and Development Authority to provide downpayment assistance have helped increase homeownership in South Carolina in recent months.
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Builders Rally Around Strong South Carolina Market
More than 500 South Carolina home builders and building professionals held a rally on the steps of the State House in Columbia last month to heighten consumer and media awareness of the states healthy housing market.
I believe South Carolinas home building is in better shape than most states to recover, said Dr. Doug Woodward, the director of research and professor of economics at the Moore School of Business at the University of South Carolina.
The deep housing problems that we hear about are in Florida, California and even Atlanta, he said to residents and reporters at the rally. South Carolina has less toxic subprime mortgages than most states. Actually, South Carolina has few fundamental problems with mortgages.
Speakers at the rally, sponsored by the Home Builders Association of South Carolina, Manufactured Housing Institute of South Carolina, Affordable Housing Coalition of South Carolina and South Carolina Mortgage Brokers Association, also pointed out that the states strong housing market featured quality, affordable homes that meet the needs of families across the economic spectrum.
Even during the economic downturn, the state has continued to enjoy modest home price appreciation with inland metropolitan areas such as Columbia and Greenville performing particularly well. South Carolina also has had less exposure to subprime mortgages and fewer home foreclosures than most states, rally organizers said.
Yes, underwriting guidelines have tightened, said Robert Dozier, chief operating officer and managing director of Homeowners Mortgage Enterprises, a subsidiary of CoastalStates Bank, and former director of the Federal Home Loan Bank of Atlanta. But now more than ever, we need to get back to creating true partnerships between home builders and lenders.
Programs through the state and federal government are helping to keep the states housing market strong, rally organizers said. The recently-enacted federal tax credit of as much as $7,500 for first-time home buyers and efforts of the South Carolina State Housing Finance and Development Authority to provide downpayment assistance have helped increase homeownership in South Carolina in recent months.
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