2013 saw more new developments break ground than the previous five years combined, and most of these new developments were in the multi-family sector. Atlanta currently has more than 6,000 units under construction and another 6,000 units in the pipeline; some projects have even delivered already, like SkyHouse Midtown. As construction activity continues to increase, will see increases in employment figures. As employment goes up, personal debt goes down – and Georgian’s have the lowest debt they’ve had in 20 years.
While construction is Georgia’s leading growth sector, both professional and business services and transportation and logistics are also driving the positive changes in the economy. While some prosper, other sectors are still lagging a bit; both the public sector and manufacturing divisions are slightly down.Share