In a nutshell
Hudson Huff, a consultant for Zonda, told trustees and administrators that the district has 16 actively building subdivisions, as well as 10 future subdivisions in various stages of planning.
Over 3,000 multifamily units are also under construction, at apartment complexes, built-to-rent developments and townhomes. 280 of these, Huff said, are single-family rental homes. 319 are age-restricted.
1,200 housing units were completed within the last six months, he said.
Both single and multifamily housing developments are bringing thousands of new homes to the area, Huff said.
A closer look
New home growth has slowed due to some market shifts, Huff said, including higher interest rates and general prices of homes in the area.
The price of a new home, he said, grew by about 62% between 2014 and 2024, while the prices of existing homes almost doubled in the same period.
The number of homes built each year has fallen since 2019, but increased in 2024.
Looking ahead
New growth is concentrated in the Redbud, Double File Trail and Fern Bluff Elementary School attendance zones, Huff said.
When it comes to the response of developers to changes in the local housing market, Huff said lowered occupancy rates in multifamily have led property managers to lower or discount rents. Single family home developers have also begun to offer more concessions to buyers, he said.
