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ATLman1

Columbus's housing market is on fire

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This is from WTVM.com, a local tv station.

New homes are popping up everywhere in Columbus, in all different prices ranges. As fast as contractors can build them; they're sold. "New sales are up exponentially," says Dan Parker of Coldwell Banker's Kennon Parker Duncan and Key. He says new home sales in Columbus are up 25 percent just over the last year. Business is also booming in surrounding areas like Phenix City. But both realtors and builders alike will tell you, new homes aren't being built fast enough.

Based on Fort Benning's anticipated growth over the next seven years due to Base Realignment and Closure, area builders will need to produce 1,500 more homes a year than they are now. However, those numbers were predicted before Aflac announced it will expand and well before Kia announced it will build a new manufacturing plant in West Point.

Add it all together and many are predicting 3-thousand more homes will need to be built each year than what's going up now and that's just to keep up with demand.

Realtors say it is a strong sign the new housing market will in no way slow down.

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Woodruff plans 2 subdivisions:

The George C. Woodruff Co. is planning two new subdivisions -- a total of 183 homes -- off Primrose Drive and Forrest Road in east Columbus. The Forrest Road development includes 145 houses on 53 acres of land and will be called Eagle Point II. The Primrose Drive development will have 38 homes.

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"The Estate", formerly known as the Harmony Club, soon will be the site of new homes. The land was sold to Brittland Properties. The developer will build 66 vintage style homes on the property in east Columbus.

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