The U.S. Department of Housing and Urban Development’s (HUD) Office of Policy Development and Research has released a Comprehensive Housing Market Analysis report for the Spartanburg, South Carolina area. The report contains recent data on economic conditions, population and household estimates, and housing market trends for Spartanburg. Overall, the area’s economy is stable with 1.6 percent employment growth in 12 months ending September 2008. Nearly 1,000 new rental units in the past two years have contributed to a softened, 12.5 percent rental vacancy rate.  read more…