New Construction News

New residential sales fall in April as home prices, mortgage rates continue to climb 

The rate of new single-family home sales fell 16.6% from March’s revised number, while the median sales price jumped to $450,600 from March’s revised median house price of $435,000. 

122 stacked townhomes headed for South Fulton 

The 55-plus rental community is budgeted at $35 million and is backed by Grammy award-winning Christian musician Lecrae Moore. 

NewStar purchases Gainesville single-family community 

The new build-to-rent neighborhood, University Commons, features two-story detached homes with three bedrooms and three baths in each residence. 

New-home sales fall again in March 

Low inventory and rising interest rates have reduced prospective homebuyer purchasing power. 

Phase two of Pratt Stacks condominiums opens for sales 

The popular Beltline community from The Providence Group will add another 72 condominiums to the Atlanta real estate market with units priced from $619,900 to $729,900. 

D.R. Horton purchases 65 lots in Madison Lakes MPC 

The Morgan County planned-unit development is capable of supporting 1,471 single-family units and is located just off I-20. 

Toll Brothers seeks approval of 41-home subdivision in Alpharetta 

If approved by the city, the new community would replace 23 wooded acres at the intersection of Kimball Ridge and Buice roads. 

Greater Atlanta Home Builders unveils participating builders, properties for 2022 Parade of Homes 

Prospective homebuyers will have three weekends beginning April 23-24 to tour a variety of model, spec and pre-sold homes. 

Homebuilders scoop up four entitled communities in Dekalb, Gwinnett for $19 million 

Homebuilders purchased the construction-ready subdivisions with plans to put up 775 badly needed new homes in Dekalb and Gwinnett counties. 

New-home sales fall again in February 

Affordability and supply-chain issues continued to weigh on the sales of new single-family residences.

Seven88 West Midtown developer brings in full-time sales staff, increases property tours 

McKinley Homes is boosting its efforts to sell homes at the 22-story condo tower at 788 West Marietta St. 

New-home construction picks up in February  

“More groundbreaking is welcome news for a supply-starved housing market.” — First American deputy chief economist Odeta Kushi 

Atlanta Housing breaks ground on $43.6 million affordable-housing community on the BeltLine 

The 100%-affordable development will be known as Madison Reynoldstown and comprise two midrise buildings on a 1.2-acre parcel on the corner of Memorial Drive and Chester Avenue. 

Atlanta First United Methodist releases plan for “God-sized” affordable-housing project 

Plans for the downtown development call for 320 residences, 85% of which will be designated affordable, plus new space for the church’s Atlanta First Day School, a new fellowship hall and street-level retail. 

Plan for massive mixed-use redevelopment of North Point Mall unveiled 

The decade-long plan calls for the construction of dozens of new townhomes and almost 1,000 apartments, as well as hundreds of thousands of square feet of retail and office space and a 150-room hotel.

David Weekley Homes to develop phase 3 of Ellis  

The homebuilder has purchased the remaining lots in the Cobb County community and will open sales to some sites on April 30. 

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