Atlanta, GA - Local Housing Data - Summary

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Atlanta, Sandy Springs, Marietta, GA

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Atlanta, GA Local News

  • Consumers Spending a Concern in Forward Economic Look

    Federal Reserve Bank of Atlanta economists Dave Altig and Pat Higgins look at a four-part data divining rod in hopes of understanding the timing and trajectory of the gross domestic product figure. Consumer spending may be the wild card.

  • Meritage Enters Atlanta, Completing a Two-Year Quest

    After two years of searching, Meritage enters Atlanta with its Legendary Communities purchase. BUILDER's Les Shaver talks with Meritage ceo Steve Hilton about the deal, the opportunity, and where Meritage is looking next on its mission to grow into recovery's widening sphere of markets.

  • Meritage Names James Thrower South Region President

    One day after announcing the purchase of Legendary Communities and a subsequent move into Atlanta, Greenville-Spartanburg, and Charlotte, Meritage names James Thrower head of its new South Region.

New Home Closings and Prices in Atlanta Rise According to Latest Figures

Posted on: Jul 06, 2014 07:02:07 AM

There was an increase in closings of new homes in the Atlanta, GA market in March year-over-year, but the market seemed to show signs of leveling out as the percentage grew was less than in February 2014. New home closings saw a climb of 8.9% from the year earlier to 939. This came after a 17.2% climb year-over-year in February.

A total of 11,151 new homes were sold during the 12 months that ended in March, up from 11,074 for the year that ended in February.

Of 9,194 total closings, 939 were of new homes. This is better than the 8.2% of closings a year earlier. Following a year-over-year decline in February, closings of new and existing homes also dropped year-over-year in March.

Pricing and Mortgage Trends

In March, there was a 7.7% gain year-over-year in the average price of newly sold homes, reaching $314,735 per unit. This lift is better than the 7.5% hike in February year-over-year.

There was a surge year-over-year in the average mortgage size on new homes along with new home prices. It jumped to $267,229 in March, a 6.5% hike. In February 2014, average mortgage size climbed 6.5% from a year earlier.


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