Construction Value
$84.2M ▼ 42.5%
Units Permitted
198 ▼ 42.8%
Avg Value / Unit
$425K
2024 · Census Bureau Building Permits Survey
Construction activity in Myrtle Beach slowed in 2024, down 42.8% from the prior year with 198 housing units permitted. At $425K per unit, new builds are running 70% above the Horry County average of $250K, pointing to higher-end construction. Volume is 61% above the county average of 123 units, suggesting faster-than-typical growth. All permits were for single-family homes.
Housing Mixi
Development Densityi
Units per building permitted
All construction is single-family detached homes.
Construction Intensityi
$2K
per resident
County avg: $11K-79%
$3.6M
per square mile
Myrtle Beach vs. Horry County Averagei
Where the Money Goesi
Construction value by housing type (2024)
| Type | Units | Bldgs | Value | Share |
|---|---|---|---|---|
| ■ Single-Family | 198 | 198 | $84.2M | 100% |
| ■ Duplex | 0 | 0 | — | 0% |
| ■ 3-4 Unit | 0 | 0 | — | 0% |
| ■ 5+ Unit | 0 | 0 | — | 0% |
County Ranking by Construction Volume
Among 7 permit-issuing towns in Horry County
Historical trends, year-over-year analysis, and full permit history available with a paid plan. See products & pricing →