DEL.ICIO.USAtlanta housing decline continues, report says
Single-family-home permits down 64% in 28-county area, sales down 14%
Associated Press
Tuesday, June 09, 2009
A new federal report shows the Atlanta area’s housing market continues to decline.
Data gathered by the U.S. Department of Housing and Urban Development examined housing construction in the 28-county Atlanta-Sandy Springs-Marietta metropolitan area.
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The U.S. Housing Market Conditions report shows that during the 12 months ending February 2009, permits were issued to build 10,100 single-family homes, a decrease of 64 percent from the same period last year.
New and existing single-family home sales totaled approximately 48,700 units, down 14 percent from the previous 12-month period.
Rising inventories of unsold condominium units and vacant apartment units led to a sharp decline in multifamily construction.
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