5:21 am February 16, 2011, by Henry Unger
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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