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. 

The firm said 147,881 multifamily units are in some stage of the development process in the greater Atlanta market. 

The five-story tower would replace an existing bungalow on the south side of 12th Street. 

The developer has started civil construction and lot development and plans to start home construction in June, with final delivery in the fourth quarter. 

The high-end development will bring 487 apartments to a full city block on Juniper Street. 

For more than 10 years, Lifestory Research has released its highly anticipated study: America’s Most Trusted®. And the 2023 results are in.

That’s almost double the number of deliveries of 2022, according to commercial real estate firm Berkadia. 

The move comes despite a slowdown in the single-family rental market. 

A wave of homebuilding is expected to start up in 2024 and run through the end of the decade, according to the NAHB.

The Smyrna City Council approved the proposed development, which will replace the former Ken’s Corner Deli and current Cochran & Edwards law firm. 

The 55-plus master-planned community will have about 700 homes when complete. 

The 5.8-acre mixed-use community will feature retail spaces and two separate and distinct apartment buildings connected by a common plaza. 

New-home permits fell 11.2% month over month, while housing completions jumped 10.8% in what one observer said could have “worrisome” long-term consequences for the nation’s housing supply. 

Built in 2021, The Fieldhouse is “filled with baseball-themed amenities” that provide views of Coolray Field in Lawrenceville.