Atlanta, GA - Local Housing Data - Summary

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Atlanta, Sandy Springs, Marietta, GA

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Atlanta, GA Local News

  • Working Part-Time While Wanting A Full-Time Job

    Federal Reserve Bank of Atlanta research economists John Robertson and Ellyn Terry give a thorough going-over to data on people working part-time for economic reasons (PTER), which means people who want full-time work but have not yet been able to find it.

  • With Dominion Purchase, Pulte Buys Share, Pace, and Geography

    By purchasing Dominion Homes, PulteGroup puts itself in position to become the No. 2 builder in the country.

  • Top 10 Markets for New Residential Construction

    Housing starts numbers out today surprised many observers with its strength at the highest in eight months, but Metrostudy finds it to have been in line with actual counts released earlier this month. Metrostudy chief economist Brad Hunter breaks down the New Residential Construction release from...

New Home Closings and Prices in Atlanta Increase According to Recent Figures

Posted on: Aug 08, 2014 11:08:00 AM

In April, closings of new homes in the Atlanta, GA market grew year-over-year, and there were signals that the market may be gaining momentum as the percentage boost proved better than March 2014. Closings gained 19.8% from a year earlier to 948. In comparison, new home closings in the same month last year saw a 9.0% rise year-over-year in March.

A total of 11,280 new homes were sold during the 12 months that ended in April, up from 11,123 for the year that ended in March.

Of 9,776 total closings, 948 were of new homes. This is a gain from 6.7% of closings a year earlier. Following a year-over-year decline in March, closings of new and existing homes also declined year-over-year in April.

Pricing and Mortgage Trends

The average per-unit price of newly sold homes jumped year-over-year to $312,774 in April, up 3.4% from last year. This gain is smaller than the 6.9% rise in March year-over-year.

Along with new home prices, there was an increase year-over-year in the average mortgage size on newly sold homes. Average mortgage size grew 1.7% to $259,959 in April from a year earlier. In March 2014, average mortgage size on newly sold homes saw a 5.7% hike year-over-year from a year earlier.


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