May 3, 2024 - News

Metro Atlanta's home construction building up

Data: Census Bureau via FRED, Federal Reserve Bank of St. Louis; Chart: Axios Visuals

Metro Atlanta single-family home construction is up 11% compared to last year, according to the latest numbers from Federal Reserve Economic Data.

Why it matters: New construction could breathe life into our stalled market.

The big picture: Single-family home construction is down year-over-year nationwide, but it's grown 30% from March 2020 to March 2024, FRED reports.

The intrigue: Some new-build communities offer lower mortgage rates, an enticing deal as rates touched 7.5% in April.

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