A recent report by Builder magazine show that sales of new homes increased year-over-year in August, as well as for July. The improvement suggests that “the market may be gaining momentum” in the Greenville-Mauldin-Easley MSA.
New home sales rose 41.6 percent in August, to 109, compared to 2011, and rose 32.3 percent in July, compared to the same month last year. For the 12 months ending in August 2011, 949 new homes were sold, up from an annualized 917 in July. However, out of all housing sales, new home sales made up just 14.5 percent of sales, although that is a rise from 11 percent in August 2010.