A new report quantifies the number of housing units in the development pipelines in metropolitan areas around the United States.
"Metro Atlanta ranked fourth in the U.S. for the number of homebuilding permits issued in 2020 for single-family housing, according to property research company NeighborWho," reports Josh Green.
More specifically: "From Alpharetta to West End and far beyond, the metro racked up 28,632 home permits last year—a surge of 9 percent over 2019, according to NeighborWho’s analysis of U.S. Census Bureau data in a report titled, '2020 U.S. Home Building Permits Hit 13-Year High.'"
Green presents that information as evidence that new supply could be coming soon to the metro Atlanta area to relieve the pressure from incredibly high demand, and a corresponding lack of supply, for housing since the outset of the pandemic.
Despite the sudden spurt, residential permitting activity in metro Atlanta still lags compared to the two metro areas at the top of the list, Houston (49,915 permits) and Dallas (44,005 permits), according to the report.
Read the full story: Report: Atlanta's recent housing boom among nation's largest
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