Atlanta Residential Construction Quarterly Review

As we explored earlier this week, the latest HBW Building Activity Trend Reports for the Metro Atlanta area are in and ready for review through the third quarter of this year.  Based on the latest data, there have been more than 16,315 new residential construction permits added to the HBW database for the Metro Atlanta area through Q3-2023; this figure reflects a 20 percent year-over-year decrease in new home construction.

Out of the 24 counties that make up the Metro Atlanta area, approximately 48 percent of all new home construction took place in the following five counties:

  1. Gwinnett County – 2,815 permits
  2. Cherokee County – 1,488 permits
  3. Fulton County – 1,282 permits
  4. Henry County – 1,071 permits
  5. Cobb County – 1,018 permits

Although the Metro Atlanta area is exhibiting an overall decline in the market, there have been noteworthy gains in certain counties that demonstrate a healthy market. With year-over-year increases ranging from 5 percent (Gwinnett County) to a high of 41 percent (Barrow County), here is a list of a few counties that are displaying signs of growth through the third quarter:

  1. Gwinnett County: +5 percent (YOY), 2,815 permits
  2. Barrow County: +41 percent (YOY), 707 permits
  3. Jackson County: +10 percent (YOY, 663 permits
  4. Bartow County: +13 percent (YOY), 621 permits
  5. Coweta County: +11 percent (YOY), 618 permits

On the opposite side of the spectrum, there are a few counties exhibiting significant declines in new home construction so far this year; those counties are as follows:

  1. Cherokee County: -26 percent (YOY), 1,488 permits
  2. Fulton County: -15 (YOY), 1,282 permits
  3. Paulding County: -17 percent (YOY), 816 permits
  4. Forsyth County: -28 percent (YOY), 797 permits
  5. Hall County: -26 percent (YOY), 778 permits

Information utilized for the 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.

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