New Construction News
Single-family permits also posted a gain, indicating even more new homes are headed to today’s supply-constrained housing market.
Homebuilder optimism was buoyed by continued shortages of new housing inventory, the National Association of Home Builders reported.
The banking giant will help provide financial assistance to the megachurch pastor’s effort to develop a mixed-use, mixed-income community on the former Army base.
The number of apartments under some stage of development in the Atlanta metro grew from 147,881 at the end of the fourth quarter of 2022.
The owner of the 2 Sun Court office building sold off 2.2 acres to a developer who plans to build a mixed-use tower.
Toll Brothers Apartment Living and joint-venture partner PGIM Real Estate are developing the luxury high-rise on an 0.83-acre site at 1018 West Peachtree St. NW.
The 23-home phase is in the NorthFarm section of the Paulding County community.
The 250-apartment community is located at 205 Bridges Road near downtown McDonough.
The 33-acre development will offer single-family homes in a variety of floor plans, ranging from 1,600 to 4,000 square feet.
Free self-guided tours are available at participating communities over the next three weekends.
Both Atlanta and the state of Georgia saw healthy annual increases in new residential permits last year, defying a broader nationwide contraction.
U.S. government data shows builders increased the pace of single-family home construction while slowing the pace of multifamily starts.
Data provider MarketNsight said the year-over-year increase stemmed from higher interest rates that have kept existing homeowners from selling.
The National Association of Home Builders/Wells Fargo Housing Market Index rose for the fourth month in a row in April as the construction industry remained “cautiously optimistic.”
Toll Brothers has already sold nine of the 33 condos being developed at Park 108.
The mixed-use development is going up adjacent to MARTA’s Dunwoody station in the Central Perimeter.