The Atlanta Business Chronicle recently published an article about Atlanta leading the nation in the number of the residential building permits issued in the first five months of 2006. If pace continues, this will mark the 13th straight year that Atlanta MSA has led the nation in issuing residential building permits.
“The numbers show what metro Atlantans see first-hand every day — the region continues to expand, house by house,” said Bart Lewis, chief of ARC’s Research Division. “The growth in building permits is seen across the region, from Douglas and Fulton to Clayton and Rockdale counties.”
The ARC also reported median sales prices for existing
single-family homes and condos in the 28-county Atlanta MSA for the
first quarter of 2006 are lower than both the South and the United
States. Additionally, existing single-family home and condo prices
increased at a lower rate than seen in the South and the nation for the
first quarter of the year, when compared to the same period in 2005.
But home prices in metro Atlanta, like other regions of the nation, are
increasing faster than incomes.
The analysis by the Atlanta Regional Commission was published in
the July edition of ARC’s Regional Snapshot, “Atlanta Housing Market:
Still Hot, Still Affordable.” The report compares U.S. Census data for
the first five months of 2006 with the same period in 2005 across the
10-county region and information from the National Association of Realtors for the 28-county MSA.
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