Leading South Carolina Economist Predicts the State’s Economy Will Grow Consistent with the Nation’s
February 28, 2017
Conway, SC--The South Carolina Professional Appraisers Coalition (SCPAC) recently held its 10th Annual Conference and Educational Summit in Mt. Pleasant, SC. The Grant Center for Real Estate and Economic Development’s economist and associate director, Robert Salvino, Ph.D., provided the economic outlook for the state and nation and relevance for the real estate economy. Salvino highlighted key policy initiatives of the Trump Administration, and discussed leading national economic indicators and regional trends.
"In South Carolina over the last five years, 24,369 single family homes and 5,574 multi-family housing units were completed or permitted for construction. In this period, the state's labor force increased by an estimated 112,770 participants, with over 203,260 jobs added and unemployment falling by 90,490,” Salvino said. “The state's population increased by 272,780 people and the pace of population growth was 44 percent greater than that of the United States. South Carolina's economy should continue growing at a pace consistent with the nation's economy, while population growth will exceed the nation's,” Salvino told the group.
The South Carolina Professional Appraisers Coalition (SCPAC) is a non-profit organization that acts on legislative affairs affecting appraisers and provides opportunities for professional development. It is comprised of approximately 175 professional appraisers from throughout the state of South Carolina.