Power Breakfast: Metro homebuilding starting to pick up, Coke’s secret, casinos, Delta, Madoff

Homebuilding may be on the mend.

This year could be metro Atlanta’s strongest for the battered industry since 2008, AJC staffer Michelle Shaw writes after talking with industry experts.

In 2010, new home starts rose 28 percent in metro Atlanta from 2009, according to Eugene James, head of the Atlanta division of the research company Metrostudy, Shaw reports. Construction levels are still down down 78 percent since the peak in 2006.

Builders large and small see 2011 as a their opportunity to build more than they have in at least two years, Shaw writes.

James cautioned there are trying times ahead, Shaw reports.

“We don’t anticipate housing starts ramping up astronomically,” he said. “But we do expect to see an increase by the end of the year.”

There are fewer than 20,000 unsold new homes across metro Atlanta, he said. While still a significant inventory, that’s about half the number there were in 2006, Shaw reports.

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- Henry Unger, The Biz Beat

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4 comments Add your comment

seabeau

February 16th, 2011
7:19 am

I shed no tears for the metro builders. Why? To many of them laid off whole crews of native born citizens to employee aliens form Mexico. They did this to save building costs but does anyone really think that those saving were passed along the the consumer. Not hardly! To put Georgians back to work ,Georgia builders must eliminate their foreign born workers. People think that American jobs have been sent overseas,hell its happening right here. We needs laws that put our own first.

Alecia

February 16th, 2011
8:12 am

Foreign born is okay if they are legal residents. However, the concept of building into oblivion is scary. Thank our lovely local leaders for rubber stamping all of the permits that got us to this point in the first place. We still have too much inventory and we need to be cautious of new construction until the housing market stabilizes. Atlanta needs permanent jobs. Once construction is completed where do we go from there. Aimlessly saying “Build it and they will come.”

TnGelding

February 16th, 2011
10:06 am

Why? Let the crisis correct itself first. There are enough homes available to last at least 5 years.

Mason

February 16th, 2011
5:12 pm

Hopefully the only new builds are in the many abandoned ‘PVC Farm’ communities that cover our area. Lets also hope they are building high quality, well crafted homes with materials like all brick exteriors, real masonary chimneys, etc. Cheap cookie cutter construction should be abolished.