|Dr. David Crowe|
In a special edition of Housing Now, Dr. David Crowe discusses the current state of the housing market, and his current forecast for 2015.
Click here to watch Dr. Crowe’s update.
Dr. Crowe is projecting the following for 2015:
- Remodeling: 3.2 percent increase over 2014, which will fall 2 percent over 2013.
- Multifamily: Up 3 percent in 2015 following a 14 percent jump in 2014.
- Single Family: Up 35 percent in 2015 following a 5 percent increase in 2014.
Crowe Comments that Single Family is still just a little more than half recovered in terms of a level he considers normal. However, he projects South Carolina to be in the top 20 percent of states at the end of 2015, and above historically normal levels.