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

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

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. 

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

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

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

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

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

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

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

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. 

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. 

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.

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

Members of the Greater Atlanta Home Builders Association have until March 4 to sign up for the annual showcase of model and spec homes. 

“Builders are entering 2022 with backlogs that they are having a hard time completing due to material and labor shortages, and new-home prices are sitting near a historic high.” — First American Deputy Chief Economist Odeta Kushi