ATLANTA HOUSING DEMAND ON THE RISE….
Atlanta Business Chronicle by Jacques Couret, Senior Online Editor
Date: Thursday, November 1, 2012, 1:41pm EDT

Housing demand now outpaces supply in metro Atlanta and demand is expected to continue to grow with unemployment waning, Metrostudy reported Thursday.

Housing demand now outpaces supply in metro Atlanta and demand is expected to continue to grow with unemployment waning, Metrostudy reported Thursday.

Metro Atlanta area saw a 50.3 percent increase in third-quarter housing starts and new home inventory has been depleted in many parts of Atlanta, down 82 percent from five years ago, the study said.

“Record low mortgages and positive employment figures have been in the news for a while which is boosting confidence and helping to sell more houses,” said Eugene James, director of Metrostudy’s Atlanta Region, in a statement. “We expect to see housing demand continue to rise and more builders starting more new homes throughout 2013 and 2014.”