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This week’s All About Real Estate guest on Atlanta Real Estate Forum Radio is Drew Clough, the vice president of land acquisitions and development for Waterford Homes. Founded in 1991 by Drew’s father, David, and Don Shanks, the current vice president of construction, Waterford Homes has built more than 2,500 homes in the Atlanta area. In addition, the respected home builder has won numerous awards including David being named the Home Builders Association of Georgia’s Builder of the Year in 2010 and the Greater Atlanta Home Builders Association’s 2012 Builder of the Year.
Waterford Homes is currently building in a variety of metro Atlanta’s most sought-after locations, including northeast Gwinnett, Brookhaven, Smyrna/Vinings and Milton.
In Gwinnett County, buyers will find Trilogy Park, a beautiful community located in the Hamilton Mill school district. Featuring a smart street design and lots of places to go outside and play, this community is the perfect family-friendly place to call home. Trilogy Park also offers a variety of amenities for residents to enjoy, such as two swimming pools, a tennis center, community parks, a clubhouse with indoor and outdoor gathering places and an outdoor pavilion.
Also located in Gwinnett County is Chateau Élan, where Waterford Homes is completing the final 45 homes. This established golf community offers three 18-hole championship courses and one nine-hole course, homes priced from the low $400,000s and a variety of additional amenities, such as a fitness center, swimming pool and tennis center designed by Stan Smith.
In Brookhaven, Waterford Homes has an assortment of properties available that provide the ultimate walkable lifestyle. As one of metro Atlanta’s most desirable locations, these new residences will allow the homeowners to walk to Village Place Brookhaven on Dresden Drive and Town Brookhaven.
During the interview, Clough was asked his opinion on the state of the Atlanta new home market. According to Clough, it is a very healthy market. Atlanta has had the fourth highest job growth rate in the last year on a percentage basis, as well as low foreclosure rates and the best year-over-year percentage of wage growth. In addition, Atlanta has had the third highest request for building permits in the country. All of these factors, combined with interest rates that are still hovering around historic lows and a low monthly supply of homes, point to a robust Atlanta new home market.
When asked about his predictions for the market in 2015 and beyond, Clough mentioned that he believes Generation Y is a critical component to the housing industry. Historically speaking, a smaller percentage of this generation is taking the leap into first-time homeownership than what the market is used to seeing. As this generation continues to age, settle into their careers and start families, it will be interesting to see how their buying trends affect the market.
To learn more about Waterford Homes and the many metro Atlanta areas in which it’s currently building, listen to the full podcast above. Then, visit www.WaterfordHomes.com for more information.
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Atlanta Real Estate Forum Radio’s “All About Real Estate” segment airs on Fridays and highlights the movers and shakers in the Atlanta real estate industry – the home builders, developers, Realtors and suppliers working to provide the American dream for Atlantans. For more information on how you can be featured as a guest, contact 770-383-3360 or via the contact form on this site.
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