Encouraging Economic News for SC

According to a report by the South Carolina Department of Commerce, the leading economic indicators in South Carolina increased for the 4th month in a row.

The combination of an increase in new-home construction and a drop in unemployment claims contributed to the leading index numbers.

Below are some relevant statistics that attribute to these positive numbers.

• Residential construction permits rose 26.3% in May compared with April.
• The median sales price for a single-family home rose by 5.6% in May
• The overall volume of home sales in May rose 21% compared to the same time last year.

For a look at the overall economic indicators in the report visit the Charleston Regional Business Journal HERE.