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Old 11-01-2018, 11:21 PM
 
Location: Savannah GA
13,708 posts, read 18,282,702 times
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Don’t forget that we are seeing a TON of new rental projects finally coming to the city center — something that people have been saying we needed (over hotels) for the longest time. This includes 2 new mid-rise apartment buildings on Indian Street, the Ellis development next to Mariner Grove on East President Street, the huge multi-family component of the Eastern Wharf, the multi-use project on Bull at 38th in the Metropolitan District and whatever becomes of that huge chunk of property on East Liberty between Habersham and Price next to the police barracks.

These projects alone will add several thousand housing units to downtown Savannah.
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Old 03-17-2019, 03:09 PM
 
6,469 posts, read 5,708,606 times
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Quote:
Originally Posted by Newsboy View Post
Don’t forget that we are seeing a TON of new rental projects finally coming to the city center — something that people have been saying we needed (over hotels) for the longest time. This includes 2 new mid-rise apartment buildings on Indian Street, the Ellis development next to Mariner Grove on East President Street, the huge multi-family component of the Eastern Wharf, the multi-use project on Bull at 38th in the Metropolitan District and whatever becomes of that huge chunk of property on East Liberty between Habersham and Price next to the police barracks.

These projects alone will add several thousand housing units to downtown Savannah.
It's interesting that you make this point Newsboy, as multifamily permits accounted for 34% of the total residential permits issued in 2018. In 2017, multifamily permits only accounted for 11%. So far in 2019, with only the January numbers being available, of the 375 permits issued in the metro, 57% or 215 permits, have been issued for multifamily housing.

https://www.census.gov/construction/bps/msamonthly.html
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Old 03-24-2019, 06:31 AM
 
6,469 posts, read 5,708,606 times
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Quote:
The forecasting index also improved to an annualized 2.2 percent during the quarter after nearly flat-lining in the previous quarter. One of the contributing forecasting indicators was the local housing market, Toma said.

Building permits issued for single-family homes increased from 420 in the third quarter to 562 in the fourth quarter, which was a 33 percent increase.

“That hit the highest quarterly total since mid-2007 toward the end of the housing boom before that market cycled down,” he said.
https://www.savannahnow.com/business...hens-during-q4
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Old 03-26-2019, 04:23 PM
 
Location: Coastal Georgia
40,239 posts, read 49,750,723 times
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All I know is, I accidentally found myself in a pod of Pooler, where the movers and shakers live. I feel insulated from the big picture, but I also feel like those who have deep roots here are still in control.
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Old 05-12-2019, 08:39 PM
 
Location: Savannah, Georgia
2 posts, read 606 times
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This is an old article in link below, however it should explain how statistics are figured for MSA

Keep in mind, MSA is not an accurate reflection of the City of Savannah

[url=http://mp1219.blogspot.com/2012/08/chatham-countysavannah-school-system.html]Concerned Citizens: Chatham County/Savannah School System Racial Make up[/url]
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Old 05-13-2019, 05:45 AM
 
Location: Metro Atlanta & Savannah, GA - Corpus Christi, TX
4,524 posts, read 7,720,505 times
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Quote:
Originally Posted by Chris999999999 View Post
This is an old article in link below, however it should explain how statistics are figured for MSA

Keep in mind, MSA is not an accurate reflection of the City of Savannah

Concerned Citizens: Chatham County/Savannah School System Racial Make up
No, but it’s a much better indicator for the area as a whole which is what matters.
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Old 05-15-2019, 07:27 PM
 
36 posts, read 18,834 times
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Quote:
Originally Posted by GA Survivor View Post
I think we are seeing a bit of second home purchasing as well. Any idea how many housing units are removed from the market, bulldozed, sold and made commercial etc.? We are also seeing a TON of apartments (almost a thousand in Pooler and NW Savannah alone) and 10-15% are always vacant, that may account for some of the numbers. There are at least a thousand more coming in 2019. They are seeing good occupancy rates so where are they coming from? Other areas within the MSA?
My Savannah home is a second home; friend of mine just purchased a second home in Savannah too.
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