The condominiums and townhouses are in three new developments by Empire Communities. 

New-home completions rose during the month, however, with the increased inventory representing a rare bright spot in an otherwise gloomy government report. 

The residential community is part of a larger development rising at the intersection of GA 400 and Settingdown Circle. 

One of the five communities acquired is in Covington, while the others are in Florida, North Carolina and Tennessee.

Work on the communities stalled when the Great Recession hit in the mid-2000s. 

The mixed-use project will stand at 811 Peachtree St. and offer 460 apartments, 81,000 square feet of office space and 16,500 square feet of retail. 

The county far outpaced its neighbors in terms of housing starts, closings and lot deliveries in the first quarter, according to a new report from asset manager and developer St. Bourke. 

The rate of new single-family home sales fell 16.6% from March’s revised number, while the median sales price jumped to $450,600 from March’s revised median house price of $435,000. 

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.