New home sales are up according to data released by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.  New home sales have jumped by 8.3 percent in June, which is the fastest increase seen in the past five years.  There are eager motivated buyers which is  driving builder confidence.   Stabilizing home prices and positive growth forecasts for many local economies are encouraging new home buyers to start signing contracts. The lack of housing inventory in many markets is also adding to the sales increase!  The new home housing supply hasn’t been this low since March 2004.  The shrinking inventory of new homes shows that home builders are having a hard time matching the high demand from buyers. According to the National Association of Home Builders (NAHB), materials, labor, and available building lots are all in short supply.

Peachtree Residential, is building new homes in 10 neighborhoods in North Atlanta and has been for 25 years!   Several neighborhoods are in their final stages and limited opportunities remain.  There are new home(s) ready now in St. Michaels Bay, Liberty, Windermere, Tillman Hall, and Westbrook.  Visit our neighborhoods for more information and current incentives.  Watch for new model homes opening soon in The Hampshires in Milton and Provence in Cumming!  Also Peachtree Residential will announce new neighborhoods soon!

Celebrating 25 Years of Excellence