New Housing Construction Up in August, Led By Apartments

According to the US Census Bureau, new construction of single family homes and apartment buildings in Georgia and around the country in August grew by over 9 percent compared to July housing starts. Economists, however, note that much of the increased construction in August was for rental apartment homes, which will not help alleviate shortages in the home buying market. Analyst expect that existing tariffs on Canadian lumber and new tariffs on materials from China will continue to increase the costs of building.

Peachtree Mortgage Services, Inc. offers home loans-- purchases and refinances-- throughout the Atlanta region and across the state of Georgia. Contact us at 770.481.0052 to discuss our low home mortgage interest rates.


* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.