A plan to build 11 single-family detached homes has been approved by the Alpharetta City Council, while a proposal for 24 condominiums has been approved by the city’s planning commission.
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“The bright spot in an otherwise underwhelming report comes from the increase in the overall number of permits issued, which can signal how much home construction is in the pipeline.” — First American deputy chief economist Odeta Kushi
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The real estate investment and land asset-management company has identified 17 near-term development opportunities and is in advanced negotiations to develop build-to-rent communities with about 2,500 units across the country.
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The NAHB attributed the monthly increase in its construction spending index to single-family construction and single-family improvements, both of which rose by 2% on a monthly basis. Multifamily construction, meanwhile, declined 0.3% after falling 0.9% in February.
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National Association of Realtors Chief Economist Lawrence Yun called September’s rise in housing starts “welcome news.”
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