In early 2010 the metro Atlanta area had 13,438 new homes on the market. According to a study done by Metrostudy Inc., if demand stays where it has been for the past year, those 13 thousand houses could be gone by the middle of this year, leaving Atlanta with an undersupply of new homes. If demand increases at all over the course of the year, we could potentially run out of homes.
The positive news is that 2010 is looking to be the year the housing market turns around, the negative would be having unhappy buyers with no inventory to choose from. The solution is obvious. Builders need to begin building again. Bowen Family Homes is one builder that has stepped up to that plate. The metro Atlanta builder has begun construction on 43 new houses this year, 10 more than they constructed throughout the whole of 2009. By the end of the year Bowen Family Homes hopes to have built 150 new homes throughout the metro Atlanta area.
Buyers will have the option to customize these new homes as well as take advantage of amazing presale opportunities. With the homebuyer tax credit still going strong and the chance to custom design a new home in the Bowen Family Homes neighborhood of choice, now is the perfect time for buyers to head out and purchase a new home.
To read more about Bowen Family Homes and the new construction plans, visit the Atlanta Business Chronicle’s Web site.
For more information about any of Bowen’s new home communities, check out the Bowen Family Homes YouTube, become a fan on Facebook or follow along on Twitter @BowenFamilyHome.
Carol Flammer from 
If new homes are in short supply in the Atlanta area, they are welcome to drive two short hours down I-20 to Augusta and I will be glad to show them a fabulous new home!
.-= Bruce Dietz´s last blog ..Great Home with Gas Range =-.
We’re only talking about ‘new’ homes. There are still more than enough resales to go around. Both newer and older. I agree that building a few new homes again is good, but if we have a full on slot of building like in the past we are going to be digging ourselves right back into the deep hole we’re still climbing out of now.
.-= Matt@Atlanta GA Homes´s last blog ..Act NOW if you are a FHA Buyer!! =-.
We have heard about several builders starting new projects in Atlanta. In fact we have several new builders in the Atlanta market now too!
.-= Carol Flammer´s last blog ..Glen Lake Apartments is a Popular Venue for Local Meet-Ups =-.
Now thats the situation you want to be if your a home builder. Think of what they could be selling those homes for if they were to run out of new homes.
Its good that the builder is starting to build new homes, but the builder must take it easy and not to many new projects direct so we are right back in the (bank-skit) foreclosures again.
thanks for the info! I’m planning to buy a home in Atlanta and with these shortage it will definitely hunt me. =(
.-= Jeff´s last blog ..Computer Maintenance =-.
I’ve seen some of the work Bowen does, and they are nothing short of amazing.