BUSINESS & INDUSTRY Arbor Springs Plantation off of Highway 29 in Newnan has new construction in its neighborhood. The subdivision offers resort style living and custom built homes.
BUILDING PERMITS 1996 - 2015
United Bank Residential Construction Specialist Yetta Richardson also said that more builders were interested in Coweta County. “The builders today are saying there’s a scarcity of lots or land,” said Richardson. “The reason they’re saying that is because they’re pretty much trying to be in that one area in the Northgate District versus in the city. There’s not a whole lot of dirt in the city and many people want to live in the Northgate district for educational purposes.” Richardson noted more expensive housing is being built. “There’s room for growth, but there isn’t a lot of affordable product in the market,” added Richardson. “Anything greater than $500,000 is in great supply. Builders are building at a higher price, because of the cost of dirt and the cost of labor. Labor is very expensive, because it’s so scarce and you may pay $60,000 just for … the land. “We have very little new inventory in $120,000 or $150,000 price range. We have more resales in that market, and investors took a lot of that product. Demand is picking up, but we just don’t have enough affordable housing for the average salary person. There’s a need for more affordable housing in Coweta.” CL
City of Newnan
BUILDING PERMITS 1991 - 2015
Single-family Multi-family Multi-family units Commercial
66 Coweta Living 2016-17