Charleston, S.C. is a hot new-home market that's about to get hotter.The Post and Courier reports:

A North Carolina-based home builder recently bought nearly 900 undeveloped acres in Dorchester County, where more than 1,100 homes could rise south of Ashley Ridge High School.

Affiliates of True Homes of Monroe near Charlotte paid $10 million for about 865 acres along Delemar Highway south of Summerville. An affiliate of paper giant Westrock Co. sold the East Edisto property as it continues to shed its holdings in the region.

The five parcels in the transaction near Kreuger Road are approved for 1,111 homes as part of an agreement for clustered areas of development to preserve rural density in the sprawling East Edisto tract in southern Dorchester and Charleston counties, according to Dorchester County land records.

Read More