Prior to the 2007 crash of both the economy and the housing market, Lady’s Island averaged 182 new homes each year for 10 years. Since that time the island has seen an average of 45 new homes each year.
As can be seen by the chart [click on the chart above to view in its entirety], in 2015 permits for construction of new homes on Lady’s Island jumped 90 percent from the preceding year. This year did see a slight drop in number but still indicated a strong market for new homes on the island.
The number of single-family residential permits issued in 2015 for Lady’s Island saw a significant jump from the previous year but the basis of the jump came from one source.