Southeast Sees Increased Construction

Construction

While the Southeast still has the longest construction back-log of any region in the US (9.3 months), many are taking notice of increased development activity where they work and live. Many projects that were once put on hold have begun again and new project, mostly multi-housing, have begun to spring up. In Atlanta specifically, the new $1 billion Falcon stadium will create hundreds of jobs and increased demands for materials and supplies. The stadium is expected to inspire more development in the area, which is already home to The Coca-Cola Co, the Georgia Aquarium, CNN, and Centennial Olympic Park. Atlanta is even seeing some sporadic single-family housing development occurring is some of the more affluent markets.

Atlanta and the Southeast in general, can blame the aforementioned construction back-log on a number of factors:

Caution amongst developers
Tight credit
A struggling world economy
Public policy makers

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