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 national average since 4Q2003 and is higher now.
- Employment growth since 2004 in Georgia has been higher than the national average. And metro Atlanta’s job growth has been higher than the rest of Gerogia’s since 2005. New jobs = more demand for housing.
- Georgia’s home appreciation rate has growth at a much steadier, slower rate than the national average. Slow, steady growth shows that hte Atlanta buyer is purchasing their new home as an investment, not flipping it to make a profit and artificially inflating the value ofthe home and market.
Ryan Crawford with the Gwinnett Daily Post did a good job of summarizing the material presented in his 6/1/07 column “Housing Picture Bright.”