Your HBA of Greenville has released its first quarterly economic report.  Produced in partnership with RESH Marketing and sponsored by Clark’s Services, the report will provide HBA members with up-to-date information about the Upstate housing market in an easy-to-consume five-minute video format.

The report is presented by Joseph VonNesson, PhD., CMP, Director of the Real Estate Center at the University of South Carolina Moore School of Business.

A key finding in this quarter’s report is the relatively low component of new construction to existing construction in total home sales.  At present, just 17 percent of total housing sales are new construction in Greenville, compared to 25 percent or more in other markets in South Carolina.

Watch the full Upstate Third Quarter 2011 Economic Report at by clicking here.