Georgia is Building the 12th Most Homes in the U.S.: An Opportunity for New Buildersand Homeowners

Georgia’s housing market is on the rise, currently ranked as the 12th most active state in new home construction across the U.S., according to a report by Construction Coverage. With 3.2 new housing units authorized per 1,000 existing homes in 2023, the state is experiencing significant growth, despite national market challenges. This upward trend in home construction presents a prime opportunity for both new builders and homeowners looking to renovate or remodel their properties.

Georgia’s Growing Housing Market and the National Shortage

Nationwide, the U.S. continues to struggle with a critical shortage of housing supply. While the national number of new housing units authorized has declined by 3.9% from 2021 to 2023, Georgia has bucked the trend with a 1.6% increase in new housing authorizations. In 2023, 14.6 million housing units were authorized in the state, up from 14.4 million in 2021. This surge positions Georgia as a key player in the effort to meet the growing demand for homes, especially as rising real estate values and rents stretch budgets for buyers and renters alike.

The post-pandemic housing market has seen median home prices soar across the U.S., with prices peaking at over $442,000 in Q4 2022. While home prices have slightly cooled,

Georgia remains more affordable with a median price of $334,819, making it an attractive

destination for new homebuyers.

An Opportunity for Builders

For builders, Georgia’s increasing home authorizations present an excellent opportunity to tap into a market that is not only growing but also evolving. The state’s expanding population and steady demand for affordable homes make it the perfect time for builders to enter the market or scale their operations. With the state showing resilience in construction activity despite national trends, new builders have a chance to contribute to closing the housing gap while benefiting from the state’s robust economic environment.

Additionally, the rise in demand for custom homes and sustainable building practices presents a unique niche for forward-thinking builders who want to innovate and provide high-quality, eco-friendly housing solutions.

Why Now is the Best Time to Remodel and Renovate

For homeowners, Georgia’s booming construction sector also makes now the ideal time to invest in remodeling and renovating properties. With home prices moderating and demand for upgraded, modern living spaces increasing, renovating your property can add significant value while improving your quality of life. The ongoing demand for new homes means that renovated properties can attract a premium, especially in high-growth areas like Roswell, Alpharetta, and Atlanta.

Whether you’re considering a kitchen remodel, adding a new deck, or upgrading your

bathroom, investing in home improvements today can yield significant returns in the future. With construction firms like Kaba Construction offering expert renovation and remodeling services, homeowners can capitalize on this opportunity to elevate their homes in both functionality and market value.

Challenges and Delays in the Construction Industry

While Georgia’s construction market is thriving, the industry still faces challenges stemming from labor shortages and supply chain disruptions. Nationally, the share of single-family units taking over two months to begin construction after authorization has risen from 20% in 2019 to 31% in 2023. Despite these delays, Georgia continues to push forward, with builders and contractors finding innovative ways to maintain progress and meet demand.

Georgia’s Construction Boom: Seizing the Opportunity

Georgia’s ranking as the 12th most active state for home construction highlights the

opportunities for both builders and homeowners. New builders can capitalize on a growing market, while homeowners have a unique chance to remodel and renovate in a market where property values remain strong. Whether you’re building from the ground up or revitalizing an existing home, now is the time to act.

For more information on Georgia’s housing market and construction trends, you can read the full report here.

Kaba Construction is your trusted partner in navigating Georgia’s booming housing market. Whether you're a builder looking to break into new opportunities or a homeowner planning a renovation, we offer expert construction, renovation, and remodeling services to help you make the most of today’s market. Contact us today to start your next project!