South Carolina’s housing industry continues to serve as a powerful engine for economic growth, supporting thousands of jobs, generating billions in economic activity, and strengthening communities across the state, according to a new Economic Impact of the Housing Industry report released by South Carolina REALTORS® (SCR).
The report shows that the South Carolina housing industry generates an annual economic impact of approximately $77.5 billion, supports 278,745 jobs and provides $12.7 billion in labor income for residents. The report also highlighted the state’s population growth, which is first in the nation.
“Throughout the 2020s, South Carolina has consistently had one of the fastest population growth rates in the nation, which continues to drive strong demand for housing across the state. Given that nearly nine out of every 10 homebuyers work with an agent or broker, real estate professionals continue to be a crucial factor in ensuring that South Carolina’s growing population can find housing, build wealth through homeownership, and support vibrant communities,” said Von Nessen.
The real estate sector accounts for approximately 55% of the housing industry’s total impact, and totals nearly $43 billion in economic output, according to the report. Housing-related activity supports jobs across numerous sectors, generates substantial labor income, and contributes significantly to state and local economic prosperity. As South Carolina continues to attract new residents, businesses, and investment, housing remains a cornerstone of the state’s continued success.
“The economic benefits of housing reach every corner of our state and represent almost 20% of South Carolina’s total economy,” said SCR CEO Nick Kremydas. “Investing in housing is investing in jobs, economic opportunity, and stronger communities.”
All data in this report is sourced from South Carolina Realtors® (SCR) as of June 2026.
If you are curious about what your home is worth or if it’s a good time for you to buy or sell, give us a call at 803-831-8588. We would love to share our perspective on Lake Wylie and the Charlotte area.
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