Townhomes Popular with Homebuyers in Metro Atlanta

By Denim Marketing August 28, 2024 0 Comment

Are townhomes popular with homebuyers? Well, an NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design shows that townhouse construction jumped more than 23% in 2023. As housing demand shifted to more suburban and exurban areas and housing affordability headwinds persisted, medium-density construction lagged for the last couple of years. However, demand for medium-density neighborhoods has returned. With pressures from rising costs (land, labor, lumber and other building materials), townhomes are the way home builders and developers are meeting rampant demand.

During the second quarter of 2024, single-family attached starts totaled 42,000, which is 8% higher than the second quarter of 2023. Townhomes also made up 15% of all single-family home starts in the second quarter of 2023.

The peak market share of the last two decades for townhouse construction was set during the first quarter of 2008 when the percentage reached 14.6% of total single-family construction on a one-year moving average basis. This high point was set after a fairly consistent increase in the share beginning in the early 1990s. The fourth quarter 2021 quarterly market share of 14.7% was the highest since the start of 2008.

Despite relative weakness in 2020, the long-run prospects for townhouse construction remain positive, given growing numbers of homebuyers looking for medium-density residential neighborhoods, such as urban villages that offer walkable environments and other amenities. This is particularly true for prospective first-time buyers in high-cost metro areas. In other words, as housing events continue to transpire, townhomes are a solution to meet these changing conditions.

Here is a round-up of townhomes popular in the Atlanta metro area now:

Cartersville, Georgia Townhomes

City Overlook– This Womack Custom Homes community is coming soon to Cartersville, Georgia. Featuring two unique floorplans, City Overlook presents 18 charming new townhomes just off W. Main Street. Located just minutes from downtown Cartersville, residents will enjoy bountiful shopping and dining options, festivals, parks and much more. Homes feature open-concept floorplans. Sidewalk-lined streets offer opportunities to explore the neighborhood.

Cobb County Townhomes – Marietta, Acworth and Kennesaw

The Bluffs at Bells Ferry – This Marietta community by Traton Homes is selling now in the low $400,000s. Offering two distinctive home plans, this new construction community of 53 townhomes offers something for everyone. Just a short drive from the Marietta Square, this community puts you near local dining, shopping and more.

East Park Village – This community by Traton Homes is located on the edge of downtown Kennesaw, boasting walkable living and quality craftsmanship. Priced from the $370,000s, two- and three-story townhomes feature open-concept floorplans and stand-out features such as gourmet island kitchens, spacious bedrooms and lofts (per plan). In addition to the great location and surroundings, homeowners love the community amenities, including a pool, cabana and dog park. This community was recently voted the Best Neighborhood in Cobb County!

Cherokee Township – Priced from the high $300,000s, this Traton Homes community is located in Cherokee County near extensive shopping and dining establishments, downtown Acworth and Woodstock, and I-75. The community features spacious two-story townhomes with both owner’s suite on the main level and owner’s suite on the second level floorplans.

ITP Townhomes

Serenity – This luxury townhome community in Hapeville from Artisan Built Communities offers a unique walkable opportunity. Priced from the $400,000s, these spacious townhomes offer two stories of stylish living with three bedrooms and up to 2,015 square feet.