Housing market showing signs of improvement
by Katy Ruth Camp
krcamp@mdjonline.com
March 17, 2010 01:00 AM | 2354 views | 9 9 comments | 17 17 recommendations | email to a friend | print
COBB COUNTY - The home building industry in Cobb is showing signs of improvement, as February saw the highest number of new housing permits issued throughout the county since June 2008.

Last month, 66 permits were issued, which is the same number issued in June 2008. September 2009 showed the lowest numbers of the year at 23, but each successive month, the numbers have increased. There were 25 permits issued in October, 38 in November, 59 permits in December and 64 in January.

During the month of February, 47 permits were issued in unincorporated Cobb County, eight were issued in Smyrna, two in Acworth, one in Austell, one in Marietta and one in Powder Springs. No permits were issued in Kennesaw.

Year to date, 130 housing permits have been issued. Only 56 permits were issued in the same time period in 2009. In February 2009, only 29 permits were issued.

David Gilreath, owner of David Gilreath Homes based in Marietta, said there is an overall improvement in the housing market, but he is seeing vast increases specifically in requests for additions and renovations.

"I'm doing more work in 2010 so far than I ever did last year, so things are certainly improving," Gilreath said.

Gilreath believes the healing housing market is because of the fact that people are growing more comfortable with spending their money than they have in the past year.

"I think people are gaining confidence in the economy, after the stock market went crazy and everything went into the recession. I think we're seeing people pulling themselves out of that and people who do have money are going to spend it," said Gilreath, whose company specializes in building and designing custom homes, and home renovations.

"People are looking at places to put their money now, and there's no better place than investing in your home or any home," Gilreath said. "Materials and labor costs are really low right now, so I think people are taking advantage of that, and should take advantage of that while they can."
Comments
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Just Saying.....
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March 21, 2010
And at the same time we have the largest number of homes headed to the courthouse steps....bizarre.
citizen jane
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March 17, 2010
I sell building materials at an independent LBM in Atlanta and sales are up. Now, we had to lay-off a person or two and I don't have a clue as to when we'll be hiring again. I believe sales are up at least partly to the flood. So many, many people were affected. I've got bids for Chattahoochee flooded housed but none from the Sweetwater areas.
StephanieR
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March 17, 2010
Of course new homes are on the upswing! nobody leaves a foreclosed or repo home gently... when the home buyer can buy a brand new home, with their choices of tile, carpet, etc. for the same price as an older, damaged home, well... duh its a no brainer. I have been in the real estate industry for 20 years by the way. Investors will eventually buy up the older homes, flip them, or rent them out. Time heals all wounds.
Dan T
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March 17, 2010
I've been granted a permit to add a room to my house, but a licensed contractor has to be in charge. That's all people are doing now a day. I don't think many people are building new houses.
truth hurts
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March 17, 2010
Quit blowing smoke! Why would anyone approve a permit to build a knew home anyway when every street I turn down has a house for sale.
cobbgal
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March 17, 2010
New housing permits are just that - new housing permits. This does not include renovations or additions, and I think it's pretty significant that we have more permits this month than we've had in almost two years. For most of 2009, we were in the 20's. Still not great, but it's an improvement.
Ed Lorens
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March 17, 2010
Yeah sure. Someone pulling a permit to build an extra room on their house means their parents got foreclosed on and are moving in with them, their kids got foreclosed on and are moving in with them, and they're parking their cars in the driveway and converting their garage into a room that they'll rent to a newly foreclosed on homeless family for $400 per month. Yeah, things are really improving.
Otto Bihrer
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March 17, 2010
17 Days ago at that sme place an article wrote

" Housing market shows weakness". We have this mixed signals now since 3 years and if one "expert" says, the recession is over, the next one claims, its just beginning and the next one, we never had one, or its V shaped or WW shaped or U shaped. More housing permits can be simply a sign of people staying put and instead of buying a house, improve their current ones.
lenza JACKSON
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March 17, 2010
for the size of cobb county 66 isnt to large of an increase of building houses. FURTHERMORE, THESE PERMITS COULD BE FOR RENEOVATING PROPERTY, BUILDING DECKS TO YOUR HOUSE OR ADDIDING ADDITIONAL ROOMS TO A HOUSE. IT ALSO, COULD BE BUSINESS PROPERTY IN A STRIP MALL I HAVE SEEN SOME OF THEM BEING RENEVOATED.
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