St. Bourke: Despite slowdown, Gwinnett retains new-housing crown 

by John Yellig

Courtesy of St. Bourke.

Despite a decline from the same period last year, Gwinnett remained by far the most-active metro-Atlanta county for homebuilding in the second quarter.  

Gwinnett was once again head and shoulders above its neighbors in terms of housing starts, closings and lot deliveries, with Cherokee County coming in a distant second, according to a new report from asset manager and developer St. Bourke.  

Courtesy of St. Bourke.

During the second quarter, Gwinnett County experienced an 11.4% year-over-year drop in annualized starts, which fell to 3,728, compared to Cherokee, with 2,399. Gwinnett closings totaled 3,750, compared to Cherokee’s 1,966, while lot deliveries in Gwinnett totaled 4,359, compared to 1,835 in Cherokee. 

Of the 23 counties analyzed by St. Bourke, 16 experienced year-over-year declines in housing starts, and 15 saw declines in closings, while 13 saw lot deliveries increase. 

“Atlanta’s housing market contracted during Q2 due to a combination of both micro- and macro-economic factors,” St. Bourke said. “On a microeconomic scale, 18-plus months of unsustainable price growth has made a sizeable dent in the number of Atlanta households who can afford to purchase a home in the current conditions.” 

By builder, D.R. Horton again led the way in the Atlanta metro, with 720 new-home closings in the second quarter, followed by Lennar Homes with 327 homes closed and Starlight Homes/Ashton Woods with 293.  

Finally, by community, Twin Lakes in Jackson County was the most active in the first quarter, with 337 annualized housing starts, followed by the Townes of Auburn, a townhouse community in Barrow County, with 257 starts and Walnut Grove in Jackson County, with 213 starts. 

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