The gap between sales and construction reached a record high in 2020, which likely means a slowing down in sales and growth in construction in 2021, according to a year-end report by the National Association of Home Builders.
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“Nothing sells like a shortage. We have underbuilt new housing relative to demand for a decade. Building will have to exceed household formation for a number of years to reduce the housing stock ‘debt’ we have accumulated.” — First American Deputy Chief Economist Odeta Kushi
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Priced from the low $700,000s, the homes provide a covered front porch and welcoming foyer, 10-foot ceilings, a gourmet kitchen, a spa-like bath that contains a freestanding soaking tub, among a number of other amenities.
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Ellington comprises townhomes and single-family homes with townhomes starting at the mid-$300,000s and single-family homes starting at $400,000.
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Pulte also noted that another community of single-family homes is also in the works somewhere in Cobb County.
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