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Old 07-30-2013, 11:35 AM
 
3,709 posts, read 5,985,671 times
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According to the census housing start data released a few days ago, Atlanta's housing construction activity is really heating back up.

http://www.census.gov/construction/b...t3yu201306.txt

- We have had 12,735 housing starts in the first six months of 2013. About 7,600 were single family and 5,100 were multifamily--a much higher multifamily ratio than we have seen in past years.

- The only cities with more were Houston (25,000), New York (17,000), and Dallas (16,500).

- Close behind us were Washington (12,100), Miami (11,500), Austin (11,000), and Los Angeles (10,900). Nearby Charlotte is doing surprisingly well with 7,100, as is Orlando (8,600), Raleigh (6,000), and Tampa (7,300).

- As of June 2012 YTD, we had 7,000 housing starts. Nearby doubling that number is awesome.

- For the whole year of 2011, we had 8,700 housing starts. We're way ahead of that already in 2013.

- For the whole year of 2012, we had about 5,100 multifamily units. We've equaled that in just half of 2013!

The stats are volatile, granted, but this is good news. We could hit 20,000 units this year, and apporaching 10,000 mutlifamily if this keeps up.

For comparison, back in the mid-2000s housing boom years we generally added 50-60,000 single family houses in a given year, and 10-15,000 multifamily units. This latest cycle is WAY more multifamily-heavy.
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Old 07-30-2013, 12:04 PM
 
Location: Ono Island, Orange Beach, AL
10,744 posts, read 13,384,671 times
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Man, I hope this does not turn out to be another "here we go again" thing... Fingers crossed!
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Old 07-31-2013, 03:14 PM
 
Location: Out of Sight Out of Mind
268 posts, read 948,701 times
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I sure hope alot of these abandoned subdivisions get built out as they look terrible as you ride by them.
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Old 07-31-2013, 11:22 PM
 
Location: Georgia native in McKinney, TX
8,057 posts, read 12,859,079 times
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Not surprised to see Dallas ahead of Atlanta with 16k plus but amazed at Houston's number: over 25k! That is crazy.....
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Old 08-01-2013, 12:05 AM
 
Location: Atlanta
7,582 posts, read 10,769,325 times
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Quote:
Originally Posted by PT 3000 View Post
I sure hope alot of these abandoned subdivisions get built out as they look terrible as you ride by them.
It is happening. It has already happened in the high demand areas and is slowly moving out to areas that has luke-warm demand as inventory drops.

I know the Parkview-Brookwood area of Gwinnett many of the stalled developments from the recession have already been well under way if not completely built out.
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Old 08-01-2013, 12:07 AM
 
Location: Atlanta
7,582 posts, read 10,769,325 times
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Quote:
Originally Posted by Saintmarks View Post
Not surprised to see Dallas ahead of Atlanta with 16k plus but amazed at Houston's number: over 25k! That is crazy.....
Yea I noticed that!

It made me wonder... Houston has more oil-industry related jobs, whereas Dallas is more of a white collar/financial/transportation hub (similar to us).
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Old 08-01-2013, 12:10 AM
 
Location: Savannah GA
13,709 posts, read 21,921,752 times
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Per story on front page of Wednesday's AJC, Atlanta also ranks 4th among major cities for jump in home prices over May a year ago -- 20.1 percent! More good news, depending on your point of view.
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Old 08-01-2013, 12:13 AM
 
16,700 posts, read 29,521,595 times
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Quote:
Originally Posted by PT 3000 View Post
I sure hope alot of these abandoned subdivisions get built out as they look terrible as you ride by them.

Yes. Let's finish these first.
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Old 08-01-2013, 12:15 AM
 
16,700 posts, read 29,521,595 times
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Quote:
Originally Posted by cwkimbro View Post
It is happening. It has already happened in the high demand areas and is slowly moving out to areas that has luke-warm demand as inventory drops.

I know the Parkview-Brookwood area of Gwinnett many of the stalled developments from the recession have already been well under way if not completely built out.

Good to know...


Same thing is happening in Parkview-Brookwood's northwest metro twin--East Cobb.
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Old 08-01-2013, 12:09 PM
 
2,412 posts, read 2,785,121 times
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Quote:
Originally Posted by cwkimbro View Post
It is happening. It has already happened in the high demand areas and is slowly moving out to areas that has luke-warm demand as inventory drops.

I know the Parkview-Brookwood area of Gwinnett many of the stalled developments from the recession have already been well under way if not completely built out.
Don't know about Brookwood--but I think that the reduced pricing on the new subdivisions are killing resales in the Parkview area.
Giant new homes in a gated swim-tennis community start at 360K (down about 100K pre-crash--which is actually an improvement over last year.)---that pretty much puts a ceiling on large updated resales can sell for--and trickles down to everything else in the area.
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