The Atlanta new homes market is prime for builders looking to expand into new markets. The Atlanta economy is continuing to expand and numbers for job growth are strong.
Atlanta, GA (PRWEB) January 15, 2013
Ranked the fifth largest home building market in the country, the Atlanta real estate market is attracting interest from many out-of-town new home builders. Atlanta Real Estate Forum recently announced that Houston, Texas based LGI Homes will start building in Atlanta this year. LGI Homes focuses on providing first time homebuyers with a wide variety of options.
Carol Morgan, publisher of Atlanta Real Estate Forum and managing partner with mRELEVANCE states, “The Atlanta new homes market is prime for builders looking to expand into new markets. The Atlanta economy is continuing to expand and numbers for job growth are strong.” She continues, “It is no surprise that builders from other markets are looking at our amazing southern city and choosing to open operations here.”
Adam Corder has been named Atlanta division president. He previously worked for a number of big builders including Beazer Homes, Crown Communities and Centex. In all of these former positions, Corder’s expertise was in the area of land acquisition.
Corder’s experience will help LGI Homes to find and purchase land at the lowest cost possible. That way, mortgage payments can be kept in-line with what Atlanta homebuyers would be paying for rent. The builder’s average home price is just over $137,000.
LGI Homes’ move has been expected since 2010 when CEO Eric Lipar announced during an interview with the Houston Business Journal that he planned to diversify the company’s markets. Additionally, he stated that he wanted to position the privately held company for a future public stock offering.
LGI Homes has met most of its expansion goals. The new home builder opened communities in Phoenix in 2011 and Tampa in 2012. Along with Atlanta, the builder is also entering the Orlando market in 2013.
On the most recent Builder 100 list, LGI Homes ranked number 44 with gross revenue of 85.9 million dollars realized from the sale of 627 homes.
No specific Atlanta locations have been publicly announced at this time. For up-to-date details, visit AtlantaRealEstateForum.com or get instant notifications by adding our Google+ page to your circles: http://www.gplus.to/atlantarealestateforum.
About Atlanta Real Estate Forum: Atlanta’s favorite and award-winning real estate blog, Atlanta Real Estate Forum, is dedicated to promoting Atlanta real estate trends and news. The blog promotes news of interest to consumers and industry insiders from community grand openings, model homes, amenities and more. Atlanta Real Estate Forum is owned and published by mRELEVANCE, LLC, a marketing, communications and interactive agency. For more information, visit http://www.atlantarealestateforum.com.