Homebuilders expressed “cautious optimism” that the lack of existing inventory would drive demand for new homes despite high construction costs and interest rates, the National Association of Home Builders reported.    

The luxury apartment community is part of the new Publix-anchored Sam’s Crossing Village on North Arcadia Avenue. 

The Atlanta-based builder said the 200-plus homes are aimed at “first-time and move-up buyers.” 

The 114-townhome, build-to-rent community is situated on 10 acres near the intersection of Sugarloaf Parkway and Five Forks Trickum Road. 

The median sales price of a new home declined on both a monthly and yearly basis, however, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.        

Of the 23 area counties analyzed by asset manager and developer St. Bourke, 20 saw new-home construction decline. 

The mid-rise development will have a sky lounge overlooking the neighboring Dekalb-Peachtree Airport.

A request for proposal seeks the development of at least 200 affordable and market-rate residences on a 1-acre site at 184 Forsyth St. 

The buyer is purchasing the project in stages, acquiring each phase when it receives its occupancy certificate. 

Multifamily investor CONTI Capital cited Atlanta’s young demographic in its ranking. 

The 2.68-acre wooded site along Peachtree Creek has been slated for a new dense, mixed-income community. 

The property, to be called Penler Cherokee, will include eight, two-story garden-style buildings on an 18.3-acre site. 

The median sales price of a new home was down on a monthly basis but up on an annual one. 

The community, Mighty Oak, has 118 homesites and sits on 26 acres. 

The increase in builder confidence breaks a string of 12 straight monthly declines in the NAHB/Wells Fargo Housing Market Index. 

The proposed project, Modera Hapeville, has been proposed by Mill Creek Residential, which already has 10 Modera-branded communities in Atlanta.