The median sales price of new homes sold in April rose 8% to $422,500 from $391,100 in March, the U.S. Census Bureau and the Department of Housing and Urban Development reported.

The first phase of the build-to-rent community will bring 152 homes to market. 

Atlanta homebuilding veteran Bill Schmidt will lead the company’s efforts in the Atlanta market. 

Despite a monthly decline, the rate of new-home construction still came in above consensus estimates. 

The firm is the multifamily development platform of global real estate investor GID. 

The single-family homes are priced from $630,000 to $690,000.   

Among the top 50 metro areas, Boston and Miami led the pack. 

Builder confidence saw a modest bump in May, but affordability challenges continue to weigh heavily on the housing market, according to new survey from the National Association of Home Builders. 

Trilogy acquired the project through its land development platform, Tierra Development. 

The 30 homes will be built from Traton’s new Founder’s Series of plans. 

The city council rejected Parkland’s original, higher-density development proposal for the site in 2022.

The development will bring 120 townhomes to market when it opens in the fourth quarter.

Prices for the three-story townhomes start in the high $300,000s. 

The community offers 149 single-family homes and townhouses priced from the high $200,000s. 

The 194-unit development joins sister properties The Dillon Buckhead and Graydon Buckhead. 

Cohen has been a sales consultant with David Weekley Homes for almost seven years