A review of permit data for new residential construction in Atlanta from January through September
Based on HBW’s latest Building Activity Trend Report for new residential construction in Metro Atlanta, new home construction activity has declined since last year. Through the third quarter of this year there has been a 20 percent year-over-year decrease in new residential construction, resulting in 18,357 new permits on record with HBW.
Out of the 24 counties that make up the Metro Atlanta area, there were five counties that carried nearly 50 percent of all new residential construction permits; those counties were as follows:
Gwinnett County – While Gwinnett County has experienced a year-over-year decrease of 24 percent in new home construction through Q3-2022, the area still holds the greatest concentration of new residential construction activity (2,674 permits) in comparison to other counties reviewed.
Cherokee County – In Cherokee County, there has been a 10 percent year-over-year increase in new home construction, resulting in more than 2,000 new permits added to the HBW database through the third quarter of this year.
Fulton County – Fulton County ranks third for total new permits on record with HBW through Q3-2022 (1,509 permits), and the area ranks #1 for higher value housing starts, having 383 new permits with construction values in excess of $500k.
Cobb County – Cobb County ranks #4 for new home construction through Q3-2022, having more than 1,250 housing starts on record for the nine-month period.
Forsyth County –Through the third quarter of this year, Forsyth County has experienced a hefty 44 percent year-over-year decrease in new home construction, resulting in approximately 1,105 new residential construction permits.
Although residential construction in the Atlanta area is down overall, there are a few counties where housing starts are soaring in comparison to last year, with year-over-year increases ranging from 4 percent (Fayette County, 573 permits) to 42 percent (Rockdale County, 295 permits). Additionally, there are more than 1,260 new permits with residential construction values in excess of $500k on record through Q3-2022, and more than half of all new “higher value” housing starts originated from the three counties of Fulton (383 permits >$500k), Dekalb (150 permits >$500k), and Hall (116 permits >$500k).
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.