October Single Family Housing Starts Incease in Georgia

Single family housing starts in Georgia and around the South were up 5% in October when compared to a year earlier. The South is the only region in the country to have a net increase. Real estate experts expect construction across the region to remain healthy during the coming months due to low home mortgage interest rates, under-building of new homes during the past few years, growing incomes, and new housing formation by millennial buyers. Labor and lot shortages, however, remain problems for the home building industry.

Ready to discuss a new home mortgage loan with low interest rates for your new purchase or mortgage refinance? Contact Peachtree Mortgage Services, Inc. at 770.481.0052 or peachmtg@bellsouth.net.


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