Atlanta-Sandy Springs-Marietta, Georgia, 2009
U.S. Housing Market Conditions 1st Quarter 2009 Housing Market Profile Southeast/Caribbean • HUD Region IV recession year of 2002. During the 12 months ending Atlanta-Sandy Springs- February 2009, the average unemployment rate in the metropolitan area was 6.6 percent, an increase Marietta, Georgia from the 4.4-percent rate recorded during the same period a year ago. The three leading employers in he Atlanta-Sandy Springs-Marietta metropoli- the metropolitan area—Delta Air Lines, Inc., Wal- tan area encompasses 28 counties in northwest Mart Stores, Inc., and AT&T—each employ more TGeorgia. As of March 1, 2009, the population than 20,000 people. of the metropolitan area is estimated at approximately Single-family homebuilding activity, as measured by 5.42 million, which represents an increase of 44,200, the number of building permits issued, has slowed or 0.8 percent, from the July 1, 2008, Census Bureau significantly in the metropolitan area during the population estimate. Between the 12-month periods past 2 years. During the 12 months ending February ending July 2007 and July 2008, the area added approx- 2009, permits were issued for 10,100 single-family imately 115,000 residents compared with increases homes, a decrease of 64 percent from the number of 147,400 and 168,200 residents, respectively, during issued during the same period last year. The signifi- the 12-month periods ending July 2006 and July 2005. cant reduction in single-family activity during 2009 Population growth continued to slow during the past followed a 45-percent decrease in activity during 7 months as declining employment opportunities the 12-month period ending February 2008.
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