Home construction in Anderson County will continue its trend of steadily increasing since 2011, but likely at a slower pace next year, housing market analyst Dale Akins told members of the Homebuilders Association of Anderson on Tuesday.
Akins, founder and president of The Market Edge, said he anticipates a 10.1 percent increase in Anderson home construction next year.
The forecast is a summary of various factors — including employment numbers, national economic indicators, population increase, and consumer optimism.
While Akins calls the Anderson economic picture "very, very healthy" as compared to many areas of the country, he doesn't expect to see the robust continued growth of recent years.
Housing permits in the first half of 2016 were 22 percent higher than in 2015 — a bump he links to an election year — and 2015 was 13 percent higher than the previous year.
In the first six months of 2016, 441 building permits for single-family housing were issued in Anderson County, 83 more than at this time in 2015.
The number permits in the county has soared from 217 in 2011 to 414 in 214 in 2012, 531 in 2013, 692 in 2014, and 780 a year ago. That reflects a general trend in the Upstate, where the number of building permits in eight westernmost counties is 19 percent higher than a year ago.
Akins, a Knoxville resident, is much more confident in the Upstate and Anderson economy than the rest of the nation.