Search
 

Atlanta and State's Growth to Slow, Report Predicts

ATLANTA-While single-family housing has peaked, multifamily activity has rebounded in some areas, particularly DeKalb and Gwinnett counties, because of the easing of density constraints. Overall, single-family and multifamily building permits are expected to slide from a high this year of 55,660 to 51,775 in 2001 and fewer than 50,000 in 2002.

By Judith Schonbak | Updated on August 31, 2000

Atlanta and Georgia’s juggernaut economy will take a breather over the next two years, according to forecasters at the Economic Forecasting Center at Georgia State University.

The Center issued its 2000 Summer Quarter Forecast noting that job growth, the Georgia GSP and housing starts will continue to grow, but at a slower pace. A drop in economic activity, however, is not expected through the end of 2002.

After tallying up 150,000 new jobs in 1999, the state is expected to average 113,700 this year with further slowing to 71,000 in 2201 and 64,200 in 2002. Georgia’s unemployment rate was at 4% in 1999 and has dropped to 3.6% this year. That rate is expected to rise to 3.8% next year and back to 4% in 2002.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.