Georgia Is Winning in Affordability and Homebuilding: Can Gov. Kemp Keep It Going?
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Georgia Is Winning in Affordability and Homebuilding: Can Gov. Kemp Keep It Going?
"Georgia continues to be one of the South's housing success stories. The state earned a B on Realtor.com® State-by-State Housing Report Card, part of the Let America Build campaign that evaluates how well states balance affordability with new home construction. While doing well, this isn't the case in much of the rest of the country. Hoping to spur on action, President Donald Trump recently put pressure on large homebuilders to increase construction nationwide."
"In a post on his Truth Social platform in early October, he accused major builders of hoarding lots to prop up prices - likening them to OPEC, which restricts oil output to maintain high prices. "They're my friends ... but now, they can get Financing, and they have to start building Homes. They're sitting on 2 Million empty lots, A RECORD," Trump wrote. He urged Fannie Mae and Freddie Mac to intervene and "get Big Homebuilders going" in order to "restore the American Dream.""
Georgia earned a B on Realtor.com State-by-State Housing Report Card by balancing affordability and new home construction. The state reported a 2024 median listing price of $392,678 and a median household income of $72,877, producing a Realtor Affordability Score of 0.64. Georgia accounted for 4.6% of new home permits in 2024 while representing 3.3% of the U.S. population, yielding a permit-to-population ratio near 1.4. The new construction premium was 15.2%, indicating builders can price new homes competitively. Steady population growth, active builders, and relatively attainable prices underpin Georgia's strong housing performance amid national concerns about lot hoarding.
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