New Construction

NAHB: Shortest-commute locations see fastest homebuilding pace in Q1
NAHB: Shortest-commute locations see fastest homebuilding pace in Q1

Longer-commute areas continued to claim the largest market share in single-family homebuilding, but the construction growth rate was strongest in places with shorter commuting times, the National Association of Home Builders said, citing its quarterly Home Building Geography Index.

Builders report historic, broad-based levels of materials shortages 
Builders report historic, broad-based levels of materials shortages 

Special questions added to the National Association of Home Builders’ monthly builder survey found 90% or more of respondents had experienced shortages of plywood, oriented strand board, framing lumber and appliances, with most other materials also hard to come by. 

Pulte Homes to open 49-townhome community in Marietta
Pulte Homes to open 49-townhome community in Marietta

All open-concept designs will offer three bedrooms, two-and-a-half baths and two-car garages. They will range in size from 1,671 square feet to 2,090 and be priced from the mid-$300,000s.

Major mixed-use development slated for Oaks Golf Course in Newton County
Major mixed-use development slated for Oaks Golf Course in Newton County

The 19-hole Oaks Golf Course will be replaced with 142 single-family houses, 190 townhomes, 360 apartments and 143,000 square feet of retail space.

Lumber prices triple, raising home prices by $36,000
Lumber prices triple, raising home prices by $36,000

Lumber prices have tripled over the past 12 months, driving up the price of the average new single-family home by $35,872. NAHB hopes to alleviate the situation by meeting with the White House, lawmakers and others.

New construction makes up 24% of Q1 residential sales in Atlanta
New construction makes up 24% of Q1 residential sales in Atlanta

Low mortgage rates and low inventory levels are making the demand for homebuilding more attractive to buyers in Atlanta.

NAHB: Single-family homes help boost total residential construction spending in March
NAHB: Single-family homes help boost total residential construction spending in March

The NAHB attributed the monthly increase in its construction spending index to single-family construction and single-family improvements, both of which rose by 2% on a monthly basis. Multifamily construction, meanwhile, declined 0.3% after falling 0.9% in February.  

340-unit apartment community coming to West Midtown
340-unit apartment community coming to West Midtown

The five-story, wood-frame building will be located on the future Westside Beltline Trail and one mile away from the Westside Reservoir Park at Bellwood Quarry.

Beazer planning 30 townhouses for downtown Roswell
Beazer planning 30 townhouses for downtown Roswell

The national homebuilder will tear down five older single-family houses to make way for the new master-planned community.

Mass. developer to break ground on $38M Fourth Ward affordable-housing community
Mass. developer to break ground on $38M Fourth Ward affordable-housing community

Station 496, as the project will be known, will bring 123 affordable-housing units to Boulevard Northeast when it opens in 2022.

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