Residential construction in the Metro Atlanta area has experienced a 10% year-over-year increase through the third quarter, which points to a continued growth pattern that has been consistent for more than four years. The counties that reflect the highest total number of housing starts through Q3-2017 include Gwinnett (2,935 permits), Fulton (1,958 permits) and Forsyth (1,939 permits).
In addition to the counties experiencing the greatest concentration of new residential building activity, there were areas that had significant spikes and growth in comparison to last year. For example, while Clarke County does not have the greatest total number of starts through the third quarter of this year, it is well ahead of last year’s figures having a massive 72% year-over-year increase in new residential construction. Newton County also reflects tremendous growth over the years and is 64% ahead of last year’s residential construction totals with more than 400 housing starts on file through Q3. Areas like Fayette County have held steady and consistent over the last few years, but in 2017 it is experiencing significant growth, a 42% year-over-year increase through Q3 to be exact.
When looking at the higher value home construction ranging $500k and above, the third quarter of this year is the best one yet for the Metro Atlanta area; so far, there have been more than 525 housing starts with values above $500k this year, and 200 of those starts took place during Q3. Fulton County continues to lead for total higher value housing starts, having more than 220 new homes with values in excess of $500k through the third quarter. Other counties that have 50 or more higher value permits on file with HBW through Q3 include Dekalb and Cobb.
Information utilized for the graphs and above listed figures for metro Atlanta residential construction was directly derived from HBW construction data reports. To gain access to the HBW database and receive custom and detailed reports on the latest residential and commercial building activity in Florida, Georgia, Texas, Alabama, and Oklahoma, please contact HBW for details.