Every Cloud has a Silver Lining

Who would have guessed a year ago that builders would flock from Atlanta to build in LaGrange? It’s not just because of Kia and its suppliers that they’re interested…they’re being driven out of Metro Atlanta! Here are the facts:

Metro Atlanta has experienced an insatiable supply of new housing units since the early nineties. In the last 5 year alone, 55,000 single family permits were issued against an average job growth of 45,000 jobs per year. That 10,000 permit annual surplus contributed significantly to the current oversupply of lots and homes in the Metro Atlanta market.

Metro Atlanta currently has a standing inventory of 150,000 fully improved lots plus 24,000 newly built homes that are waiting for buyers. With our economy still slumping, that inventory may satiate market demand for 5 more years before builders are in production again. That reality is driving builders out of Metro Atlanta toward viable markets in need of housing. LaGrange is the best and closest opportunity for Atlanta’s builders to sustain their business plans and the golden goose for those who position themselves here first.

http://www.magnoliaga.com