Did someone say slow down? Haven Properties ended the month of June with four closings in one day, and that was after four additional closings earlier in the month. The last day closings were at three different communities: Chapel Hills in Douglas County, Hawthorne at Lost Mountain in Cobb and Le Jardin in South Fulton. It looks like home buyers[...]
NO RAIN means DROUGHT The drought conditions in Georgia has caused the director of the state EPD to declare a Level Two drought. This puts the following schedule into play: Odd numbered addresses can water Tue, Thur & Sun from midnight to 10 a.m. Even numbered addresses can water on Mon, Wed & Sat from midnight to 10 a.m. New construction & landscaping[...]
Greater Atlanta Home Builders Association hosted a press conference on the state of Atlanta's Housing Market on May 31. Speakers included: David Clough, president of HBA & Waterford Homes Eugene James, MetroStudy Roger Tutterow, Ph.D., Mercer University Larry Liebross, COO, New Homes America Several key messages came out of the press conference: Atlanta's consumer confidence frequently trends like national rates, but has been higher than the[...]
Bernard Markstein, VP of Forecasting and Analysis for the NAHB gave NAREE attendees an update on the state of the market today. He compares 2004 and 2005 to a big party with 2006 as its wake up call. Much like a bad hangover, builders are still feeling the waves of nausea that have resulted. Markstein states that[...]
According to info released today by the National Association of Home Builders (NAHB), building permits nationwide fell 8.9 percent in April to a seasonally adjusted rate of 1.489 million --the lowest level since Juen 1997. The also represents the largest percentage decline in 17 years. That said, housing starts increased 2.5 percent from March to 1.528 million units[...]
Kairos Development Corporation is pleased to announce that it has consolidated its partners for current residential real estate projects: Avignon at Vinings and The Astoria at The Aramore. Jenny Pruitt Home Services City Collection, headed by Ada Love, Senior Vice President, has been selected as the broker for both The Astoria at The Aramore and Avignon at Vinings. The marketing team[...]
Far too often we as Real Estate professionals succumb to the panic factor that comes along with the following words as it relates to the market: “bubble, burst, slump, slow”. We read about it in the papers, we hear it in the media and we hear it in the objections from our buyers. So how do we get past this[...]
The more than 180,000 new jobs created in March represent the 43rd month that job growth has increased. This is very good news. The unemployment rate remains low at 4.4%. Since 1999, the U.S. ecomony has added on average 140,000 jobs a month. This equates to 1.7 million jobs per year. For more detailed news, view Alex Carrick's column at Building[...]
This weeks Nation's Building News, the official online weekly newspaper of NAHB, reports that Atlanta is expected to have positive housing growth in 2007. The report, extracted from the South Atlantic Division states: Atlanta, which accounts for about two-thirds of housing starts in Georgia, as well as Asheville, Charlotte, Durham, Greensboro, Raleigh and Winston-Salem in North Carolina, all declined last[...]