After recording three straight months of declines, the South Carolina Leading Index bounced back in August, the S.C. Department of Commerce reported Monday. August’s index of leading economic indicators was 100.96, gaining 0.29 points, the agency said. A value of 100 indicates improving economic conditions for the next three to six months. Key housing-related factors include:
- Single-family homes prices rose 1.2% to $164,950.
- Residential building permits issued dropped 10.1% to 1,814 in August.