Tuesday, September 25, 2018 10:04 PM

CHATTANOOGA AREA HOME BUILDERS CATCHING UP WITH HOUSING DEMAND - CHATTANOOGA TIMES FREE PRESS

Photo by Dave Flessner / Pratt Homes has started developing Magnolia Farms, a 200-home subdivision on East Brainerd Road in Apison Photo by Dave Flessner / Pratt Homes has started... Chattanooga led all markets in the Mid South region in the growth of new home starts during the first half of 2018, according to a new report on building trends by Market Edge. Home builders in major counties in and around Chattanooga began building 1,378 new residential properties in the first six months of this year, up 23.6 percent from the same period a year earlier. The biggest gains came in the North Georgia counties of Catoosa, Walker and Whitfield where home starts jumped by more than 50 percent this year. "Home starts track employment growth and with the improving economy, we're seeing builders start more new homes, especially in strong markets like Chattanooga," said Dale Akins, president of Market Edge. "In many of the markets we track, builders would want to build even more homes but they are having trouble finding available lots or getting enough workers these days." Chattanooga showed the biggest gains of any of the 17 metro markets in the Mid South region tracked by Market ...

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