What a difference a year makes.  Stock portfolios have had the largest gain in decades as opposed to the plummeting stock market we experienced last year at this time.  Area homesite prices are at their lowest in many years and building costs have declined significantly . People have more wealth available at a time when building opportunities have never been better . Additionally, most people moving to the area are retiring and are not constrained by the ongoing unemployment issues.

If you're thinking of building your dream home in the Low Country now is the time to start preparing.  It can take 2-3 months to develop plans, secure financing and get all the necessary approvals from the local architectural review boards.  Here at McNair we're busy helping clients get through this process so they're  ready to act quickly when circumstances warrant. Inflation is already beginning to raise its ugly head. Lumber futures are up over 40% for the year which will soon start affecting prices in our local market. Natural disasters, the strength of our dollar, and competing demands of government infrastructure spending brought on by the stimulus programs will all ultimately affect the cost of building materials. Weak demand has kept prices in check , but this will change and buyers should be in a position to act quickly when broader inflation is evident.

Planning is the key. Contact us for more information on preparing to take advantage of the wonderful opportunities that exist today and avoid the inflationary perils that are looming on the horizon.