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Signs of Economic Recovery and Growth in the Pinehurst NC area.

By
Real Estate Agent with Dawn Crawley Realty

 

After the recession one of things we were missing in Pinehurst was the lack of new construction - and we are now seeing  some signs of economic recovery and growth with some new commercial construction projects.

I'm sure many areas have experienced similar conditions. Even though Pinehurst suffered as did other areas with the economic slow down - it didn't seem as bad as what the reports were from some other areas of the country.

Pinehurst area restaurant

Friday while running errands it struck me how we are seeing an  increase in construction - It especially struck me  that two new large chain restaurants are being built less than 1/2 mile from each other. This one in the picture is going to be a Cracker Barrel.

The reasons for this growth could be many. However, I think it probably has something to do with the BRAC relocation to Fort Bragg not far from the Pinehurst area. It could also be in anticipation of the men's and women's US Opens coming to Pinehurst in 2014 and overall increasing the awareness of this great golfing location.

Whatever the reasons - it is good to see economic growth and building starting up again in the Pinehurst area.

 

Melissa McKinney
Everything Pines Partners Fayetteville - Fayetteville, NC
Realtor, www.LivingFayetteville.com

Dawn~ I hope it is a sign of things to come everywhere..people need to see some sunshine!!

Mar 28, 2011 11:22 AM
1~Judi Barrett
Integrity Real Estate Services 116 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

Things seem to be picking up here too but I can't figure out why, yet.. since our unemployment rate just hit an another new high...

Mar 28, 2011 04:17 PM
Roy Kelley
Retired - Gaithersburg, MD

Good to see that the economy in Pinehurst is strong. Have a most productive week!

 Life is better when there are flowers to photograph!

Mar 29, 2011 01:01 AM
Dawn Crawley
Dawn Crawley Realty - Pinehurst, NC
Find Pinehurst Homes

Hi Melissa, it does seem to be improving, though I don't think the confidence from the consumer is there yet.

Judi, maybe people are realizing that interest rates are probably going to go up so they are starting to buy. It is the other economic activity that is encouraging.

Thanks, Roy. The week has started out strong. Hope you have a great week as well.

Mar 29, 2011 04:19 AM