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New Home Permits on the Rise in Williamson County and Franklin

New Home Permits on the Rise in Williamson County and Franklin

Today I just reviewed the Middle TN new home permit report for December 2013.  That report showed that the new home permits were up 25% in Williamson County from the prior year.

  

Just under 2000 new home permits were pulled by builders for Williamson County lots in 2013.  All the Mid TN counties saw growth in this area except for one and that county was Montgomery County which is where Clarksville, TN is located.

 

The report did not identify permits pulled by city, but certainly Spring Hill and Nolensville lead the way for Williamson County with more development opportunities.  

 

Regent Builders lead the way in Williamson County with 146 permits pulled in 2013 with Ford Custom Classic Homes and Drees right behind at around 100 permits each. 

With these numbers on the increase like they are it is no wonder that 29% of the Williamson County homes sold in 2013 were NEW construction (build date 2012 or newer).  The active inventory of single family homes is now at 45% NEW HOMES.  This could make the resale market slow a bit as the buyers have so many NEW options available.

 

City % of actives that are NEW                                       % of SOLDS that are NEW                                          
Franklin 38% 24%
Spring Hill 66% 39%
Thompsons Station 58% 37%
Nolenville 80% 54%
Brentwood 32% 24%

 

in Franklin 38% of the active properties in the MLS today are NEWLY built homes (after 2012) and in 2013 24% of the homes sold were new.

The table above shows you all of the big cities in the county and what percentage were NEW.

Call The Grumbles Team to get a further explanation fo these results.

 

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Franklin | Brentwood | Spring Hill | Mike Grumbles & The Grumbles Team specializing in Franklin TN Community Homes for Sale

The Grumbles Team is our family serving your family with your real estate needs in Franklin, Tennessee 615-587-5843.

Your Williamson County REALTOR!

EXIT Realty of the South | 1227 Lakeview Dr. Suite 1 | Franklin | TN | 37067 | 615.550.5555

 Williamson County Real Estate Agent

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