New Construction News
“Production disruptions are so severe that many builders are waiting months to receive cabinets, garage doors, countertops and appliances.” — NAHB Chairman Jerry Konter
Single-family housing starts fell 5.6% from December’s revised estimate to 1,116,000, while multifamily starts slid 2.1% to 510,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development said.
At least six large developments representing more than 1,300 new for-sale and rental homes have been proposed recently.
Atlanta’s Midtown Alliance said there were 5,172 residential units concurrently delivered or under construction in 2021, a new record.
The two-story townhomes are available in three floor plans and are priced from the mid-$400,000s.
The homebuilder is offering seven different single-family home plans ranging from 2,520 to 3,137 square feet of space.
The first six units at the popular mixed-use development sold “almost instantly,” and now more are available for pre-sales, according to Engel & Völkers Atlanta.
The completed project on Marietta Street will offer 120 residences.
Builders started to make headway against supply-chain issues that have hampered construction of homes in the face of high demand.
The new infill development is slated for a 1.57- acre site on Atlanta’s Westside, which has seen a surge of interest since the opening of the WestSide Reservoir Park and plans for a large Microsoft corporate center.
One of the two parcels comprising the 340-acre tract is zoned for up to 480 homes.
The build-to-rent communities are located in Dallas, Decatur and Winder and will be delivered over the next year.
While multifamily starts surged 13.7% compared to November, the pace of new single-family housing construction slid 2.3%, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
The community is located on the corner of Eastland Road and Lake Drive and abuts Glen Emerald Park, which includes 28 mostly wooded acres surrounding a lake.
The first phase of the deal comprises 1,424 new single-family homes and townhouses in Tampa, Fla.; Atlanta and Athens, Ga.; and Pinehurst, N.C.
Work on the 19-acre development is scheduled to begin later this month and will soon be followed by the construction of other suburban, Sunbelt communities.
