MYRTLE BEACH, S.C. (WBTW)- Myrtle Beach has been noticeably busier over the past few weeks but it’s more than just spring breakers. For the first time in a long time, the housing industry in Myrtle Beach is booming. According to a new census, more than 300,000 people are living in Horry county.
While the millions of tourists that visit Myrtle Beach are helpful to the economy, so are year year-round residents who pay taxes. Last year, the residential construction outweighed commercial construction indicating a successful year for the housing market.
It was also a successful year for local business owners.
Many told News13 this past year they didn’t have much of an off-season because more people are living here year-round.
With Myrtle Beach being one of the fastest growing cities, some investors are changing where they’re putting their money.
“Instead of looking to diversify my capital in say New York City, or in other areas, I’m looking now to concentrate on this area. To me, this is the future in the United States. I see Myrtle Beach as becoming a major city like Miami, like Atlanta,” Peter Kalbacher said.
Myrtle Beach city spokesman Mark Kruea said some national chains have expressed interest in coming to the area. He couldn’t say what chain but did say it was a well-known grocery store up north.