In an article published by Greenville News on December 3, Chris Jasinski is quoted discussing Greenville’s homebuilding industry. The Travelers Rest area is a haven for a rare plant species – the bunched arrowhead – that is disrupting the residential development in this area.
For years, landowners outside Travelers Rest have been pitching subdivisions in this area that would destroy the sensitive land that is keeping the bunched arrowhead alive. Developers have faced increasing regulations and public opposition that is limiting supply of housing and increasing prices.
Now, Travelers Rest developer Craig Roy has a project in process called Crestfield Farm that is less than 1,000 feet from the Blackwell Heritage Preserve, one of the areas of land under preservation, and he argues that he is complying with the strict regulations.
Jasinski noted that Roy’s investment, and the increasingly strict conditions on development he is encountering, are typical across the country, with Greenville being no exception.
To that end, independent developers like Roy are getting rarer, Jasinski said, as home builders nationwide consolidate operations in the ever more difficult pursuit of their primary raw material: land. “In 2009, 15.4% of the revenue from all new home sales in Greenville-Spartanburg came from public builders,” Jasinski continued. “Today, 48.6% of the revenue from new home builders come from publicly traded builders or foreign-owned builders.”
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