The lots purchased by Blue River Development are in five master-planned communities around McDonough. 

The Modera Old Ivy in Buckhead is expecting its first move-ins early next month. 

“Builders are responding to higher mortgage rates and are chasing rising rents, with fewer homebuyers and more renters being forced to renew their leases.” — NAR Chief Economist Lawrence Yun 

The 55-plus rental community is budgeted at $35 million and is backed by Grammy award-winning Christian musician Lecrae Moore. 

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.