HOMES & LIFESTYLES
Metro Atlanta’s New Home Market in the New Year A Q&A WITH NEW HOME EXPERT LORI LANE
N
ew year, new you…new home! Yes, the beginning of
What should people expect from Atlanta’s new home market
the year is an excellent time to consider your residential
in the coming year?
options. And in metro Atlanta, new home communities
2022 is shaping up to be a stellar year in the new home real estate
have become some of the most sought-after locales in the local
industry. Real estate sales increased over 14 percent last year, and
real estate market. Homebuilders across the area are working
new home construction was a large part of that. The good news
diligently to give home buyers a wide array of choices, and there’s
is that interest rates are predicted to remain at all-time lows, and
a good chance you’ll be able to find the perfect fit for you and your
the cost of materials is beginning to level off. The supply chain
family. Here, we ask Lori Lane, Senior Vice President of Berkshire
delays are leading to longer lead times in obtaining construction
Hathaway HomeServices Georgia Properties New Homes Divi-
materials, which is resulting in more demand than supply of new
sion, to share her insights on what to expect as you navigate your
homes in metro Atlanta. Obviously, we are all hoping that once
way through the local new home market in 2022.
the supply chain is back up to speed that construction delays will lessen and 2022 will not experience the construction slowdown that was prevalent in 2021. What are some of the hottest market segments in metro Atlanta for new homes? Right now we are seeing a large surge in the 55+ new home market. Whether the new home communities are age-restricted or age-targeted, these buyers are looking for low-maintenance homes, a sense of community and a social lifestyle where they can meet new friends. Staying healthy is a quest for many, and resort-style amenities with social sports like tennis and pickleball are extremely popular. 2022 will be a great year for active adults looking to downsize, as well-maintained homes in the right area will continue to sell for top dollar in a short period of time. What can homebuyers expect in terms of pricing within the new home market for 2022? I think that the prices will remain strong but will begin to level off a bit. Demand is expected to continue in sought-after locations and price points. The current pricing will most likely go up, which is normal when there is more demand than supply. What are your top tips for home buyers who want to purchase a brand new home in 2022? I think it is extremely important to be sure of the location and type of home that best suits your needs. Inventory will remain low for
34 KNOWAtlanta WINTER 2022
