2023 Population Estimates: ARC Region

2023 Population Estimates
adopted August 9, 2023
1
Mike Carnathan
Managing Director, Research & Analytics Department
mcarnathan@atlantaregional.org
2
The Highlights
The 11-county Atlanta region is now home to 5,158,374 residents in 2023, up from 5,091,644 in 2022. From April 1, 2022 to April 1, 2023
the region added 66,730 new residents. This represents an increase in growth compared to the 64,940 increase the region experienced
2021-2022, but still trails (but only slightly) the average annual increase in the 2010s, of 68,245.
The upward trend of growth this past year reflects strong permit activity and continued growth of our job base to levels that now well
exceed the pre-pandemic levels. Housing demand is very high—and prices as a result very high—which does act as a brake on population
growth. Single-family permits remain constrained, balanced by historically high multifamily permitting levels.
From 2022 to 2023, Fulton added 18,500 new residents, the largest single-year numeric increase in the region. Next were Gwinnett with
13,510 new residents, Cherokee with 7,120 new residents, and Cobb with 6,100 new residents.
The City of Atlanta set the pace in the leading county of Fulton, continuing the momentum from 2021-2022. With a year-over-year
increases in single-family permits and an all-time high of multifamily activity, the city added 14,300 new residents between 2022 and
2023, up close to threefold from 5,070 last year. The 2022-23 increase exceeds the previous record increase of 2018-2019 (10,900)
Cherokee County leads the region in percentage increase, 2022-23, at 2.5 percent. Forsyth and Henry follow at 2.1, with Rockdale (2.0)
following. The 2022-23 acceleration for Rockdale is notable, compared to 2021-22’s 1.3% increase.
In 2022, there were 36,074 new residential building permits in the 11-county region, which was an increase of nearly 9,000 permits (far
more multifamily but fewer single-family) from 2021 calendar year totals. Current building permit activity for the 11-county region
remains lower than pre-Great Recession permit levels but did exceed the 1980-2022 average annual level of 33,540.
3
1980 1990 2000 2010 2020 2022 2023
Average
Annual
Change,
1980-2010
Average
Annual
Change,
2010-2020
Average
Annual
Change,
2020-2023
Atlanta Region 1,924,140 2,601,883 3,527,779 4,283,261 4,967,514 5,091,644 5,158,374 78,637 68,425 63,620
Cherokee 51,699 91,000 141,903 214,346 266,620 279,840 286,960 5,422 5,227 6,780
Clayton 150,357 184,100 236,517 259,424 297,595 302,285 303,315 3,636 3,817 1,907
Cobb 297,718 453,400 607,751 688,078 766,149 779,249 785,349 13,012 7,807 6,400
DeKalb 483,024 553,800 665,865 691,893 764,382 775,022 779,442 6,962 7,249 5,020
Douglas 54,573 71,700 92,174 132,403 144,237 149,297 150,697 2,594 1,183 2,153
Fayette 29,043 62,800 91,263 106,567 119,194 122,684 124,284 2,584 1,263 1,697
Forsyth 27,958 44,083 98,400 175,511 251,283 265,033 270,833 4,918 7,577 6,517
Fulton 589,904 670,800 816,006 920,581 1,066,710 1,087,170 1,105,670 11,023 14,613 12,987
Gwinnett 166,808 356,500 588,448 805,321 957,062 983,702 997,212 21,284 15,174 13,383
Henry 36,309 59,200 119,341 203,922 240,712 252,502 257,802 5,587 3,679 5,697
Rockdale 36,747 54,500 70,111 85,215 93,570 94,860 96,810 1,616 836 1,080
City of Atlanta 424,922 415,200 416,474 420,003 498,715 507,015 521,315 (164) 7,871 7,533
The Estimates: 2023 ARC Population
The average annual increases since 2010 (the depth of the Great Recession) have trailed the average
growth from 1980-2010 by over 15%. The period of the 1990s saw the strongest growth. This pattern
does not hold for all the subregion areas though. Cherokee and Forsyth have grown faster (in absolute
terms) since 2010, and the City of Atlanta went from losses 1980-2010 to strong recovery since then.
4
Some Background: Estimates Over The Past Decade
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21 21-22 22-23
Annual Population Change, ARC Estimates
10 County 11 County
The average annual population growth (10-county) did not bounce back, post-Great Recession, to
50,000-plus until 2013-14. While growth then climbed to nearly 80,000 in 2016-17, this was followed
by declines until and including the 2020-2021 “year of COVID onset. There has been moderate
recovery since then (2021-2023)--while the job market recovered, migration was constrained by
factors like reduced housing supply and affordability.
The Supporting Facts: Job Increases
-2.0%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
Austin Dallas Las Vegas Orlando Atlanta Houston Miami Denver Los Angeles Boston Chicago Minneapolis Washington DC
% Change since Pre-Pandemic (Feb. 2020 – May 2023)
Source: Bureau of Labor Statistics
More on that job growth—Atlanta ranks fifth in percentage growth in job base over the span of the
pandemic and recovery. Dallas is the only MSA of comparable size that has matched the rate of job
recovery in Atlanta. Many larger metros (E.G. Los Angeles, Boston, Chicago) have substantially
lagged Atlanta’s job base growth February 2020 through May 2023.
The Supporting Facts: Building Permits – Long View
Source: State of the Cities Data System (HUD)
0
10,000
20,000
30,000
40,000
50,000
60,000
1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
42-Year Annual Average: 33,540
Permits for 2022 (which “feed” our April,
2023 estimate) matched the 42-year
average annual—for the first time since
2007, but 2022 levels still fall below each
annual value for the 1993-2005 period.
The Supporting Facts: Building Permits – Last Year (2022)
Source: State of the Cities Data System (HUD)
1,775
2,495
373
1,371 1,141
374 597
1,354
2,225
3,655
1,580
460
10,078
526
0
1,502
1,268
291 5
1,247
547
1,704
942
564
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
8,000
8,500
9,000
9,500
10,000
10,500
11,000
11,500
12,000
City of
Atlanta
Cherokee Clayton Cobb DeKalb Douglas Fayette Forsyth Fulton Non-
COA
Gwinnett Henry Rockdale
Residential Units Authorized By Building Permit, 2022 (11-County)
Single-Family Multifamily
2022 11-County permitting was
“dominated” by the 10,000+ multifamily
units in the City of Atlanta. Gwinnett,
Cherokee, and Fulton (outside of the City
of Atlanta) had the top three amounts of
single-family permits. There were over 500
multifamily units in all jurisdictions save
Douglas, Fayette, and Clayton.
The “Good To Have” Information: Mapping Single-Family Permits
Permits in 2022, for the
11-County area,
continued to cluster to
the north of I-20,
outside the 285
Perimeter, in areas off
the I-85 and I-75
corridor. Single-family
permitting is healthy in
the City of Atlanta,
growing in Henry
County and West
Fayette, and spinning
up along I-20 East in
Rockdale and Newton
Counties. NOTE: A
share of these permits
are on recently created
streets, cannot be
precisely geocoded,
and as a result are
allocated to tract or zip
centroid.
The “Good To Have” Information: Mapping Multi-Family Units
Source: Co-Star
As the permit slides
showed earlier, plans
for and construction of
multifamily projects has
exploded in 2022.
Development activity
has spread further out
along the interstate
corridors, but the larger
recently built or ‘under
construction’ projects
continue to cluster in
the core and the portion
of the region north of I-
20 . This multifamily
clustering to the north”
is even more dramatic
than with single-family
development.
1 of 9

Recommended

2022 Population Estimates ARC by
2022 Population Estimates ARC2022 Population Estimates ARC
2022 Population Estimates ARCARCResearch
987 views11 slides
Final ARC 2020 Population Estimates-Summary Deck by
Final ARC 2020 Population Estimates-Summary DeckFinal ARC 2020 Population Estimates-Summary Deck
Final ARC 2020 Population Estimates-Summary DeckARCResearch
653 views11 slides
Final 2019 ARC Population Estimates by
Final 2019 ARC Population EstimatesFinal 2019 ARC Population Estimates
Final 2019 ARC Population EstimatesARCResearch
2K views11 slides
Rental presentation - with annotation.pdf by
Rental presentation - with annotation.pdfRental presentation - with annotation.pdf
Rental presentation - with annotation.pdfARCResearch
130 views8 slides
ARC's 2013 Population Estimates by
ARC's 2013 Population EstimatesARC's 2013 Population Estimates
ARC's 2013 Population EstimatesARCResearch
5K views11 slides
2023 Economic Forecast.pptx by
2023 Economic Forecast.pptx2023 Economic Forecast.pptx
2023 Economic Forecast.pptxMichael Miller
65 views29 slides

More Related Content

Similar to 2023 Population Estimates: ARC Region

Home Ownership snapshot (september 2021) v oct 1 by
Home Ownership snapshot (september 2021) v oct 1Home Ownership snapshot (september 2021) v oct 1
Home Ownership snapshot (september 2021) v oct 1ARCResearch
255 views20 slides
An Overview of Recent Population Trends in illinois by
An Overview of Recent Population Trends in illinoisAn Overview of Recent Population Trends in illinois
An Overview of Recent Population Trends in illinoisBlack Hawk Economic Development
55 views20 slides
2019 Santa Clara County Construction Forecast by
2019 Santa Clara County Construction Forecast2019 Santa Clara County Construction Forecast
2019 Santa Clara County Construction ForecastMichael Miller
152 views27 slides
Population Estimates, August 2015 Snapshot by
Population Estimates, August 2015 SnapshotPopulation Estimates, August 2015 Snapshot
Population Estimates, August 2015 SnapshotARCResearch
5.7K views11 slides
Bond multi 2014 la jolla, ca_apr 2014 by
Bond multi 2014 la jolla, ca_apr 2014Bond multi 2014 la jolla, ca_apr 2014
Bond multi 2014 la jolla, ca_apr 2014Bernard (Bernie) Markstein, Ph.D.
301 views45 slides
ARC's 2014 Population Estimates by
ARC's 2014 Population EstimatesARC's 2014 Population Estimates
ARC's 2014 Population EstimatesARCResearch
4.9K views13 slides

Similar to 2023 Population Estimates: ARC Region(20)

Home Ownership snapshot (september 2021) v oct 1 by ARCResearch
Home Ownership snapshot (september 2021) v oct 1Home Ownership snapshot (september 2021) v oct 1
Home Ownership snapshot (september 2021) v oct 1
ARCResearch255 views
2019 Santa Clara County Construction Forecast by Michael Miller
2019 Santa Clara County Construction Forecast2019 Santa Clara County Construction Forecast
2019 Santa Clara County Construction Forecast
Michael Miller152 views
Population Estimates, August 2015 Snapshot by ARCResearch
Population Estimates, August 2015 SnapshotPopulation Estimates, August 2015 Snapshot
Population Estimates, August 2015 Snapshot
ARCResearch5.7K views
ARC's 2014 Population Estimates by ARCResearch
ARC's 2014 Population EstimatesARC's 2014 Population Estimates
ARC's 2014 Population Estimates
ARCResearch4.9K views
100 Metros Update by ARCResearch
100 Metros Update100 Metros Update
100 Metros Update
ARCResearch653 views
Regional Snapshot: Affordable Housing - July 2017 by ARCResearch
Regional Snapshot: Affordable Housing - July 2017 Regional Snapshot: Affordable Housing - July 2017
Regional Snapshot: Affordable Housing - July 2017
ARCResearch1.6K views
Regional Snapshot-Housing (March 2021) by ARCResearch
Regional Snapshot-Housing (March 2021)Regional Snapshot-Housing (March 2021)
Regional Snapshot-Housing (March 2021)
ARCResearch389 views
Leadership Howard08 by lkenney
Leadership Howard08Leadership Howard08
Leadership Howard08
lkenney298 views
The State of Erie County and the City of Sandusky by GSPAdmin
The State of Erie County and the City of SanduskyThe State of Erie County and the City of Sandusky
The State of Erie County and the City of Sandusky
GSPAdmin181 views
PNW Economics UGR Review by Bill Reid
PNW Economics UGR ReviewPNW Economics UGR Review
PNW Economics UGR Review
Bill Reid291 views
2023 Market Outlook: Dr. Lawrence Yun Presentation by JessKern
2023 Market Outlook: Dr. Lawrence Yun Presentation2023 Market Outlook: Dr. Lawrence Yun Presentation
2023 Market Outlook: Dr. Lawrence Yun Presentation
JessKern304 views
Final - Development Potential Updated GJC Version by Keenan Steiner
Final - Development Potential Updated GJC VersionFinal - Development Potential Updated GJC Version
Final - Development Potential Updated GJC Version
Keenan Steiner236 views
Metro Atlanta Real Estate Market Trends July 2013 by Arthur Prescott
Metro Atlanta Real Estate Market Trends July 2013Metro Atlanta Real Estate Market Trends July 2013
Metro Atlanta Real Estate Market Trends July 2013
Arthur Prescott768 views

More from ARCResearch

Regionalsnapshot_HealthDisparities_Oct2023 by
Regionalsnapshot_HealthDisparities_Oct2023Regionalsnapshot_HealthDisparities_Oct2023
Regionalsnapshot_HealthDisparities_Oct2023ARCResearch
72 views22 slides
MAS 2023 SORB Slides Final.pdf by
MAS 2023 SORB Slides Final.pdfMAS 2023 SORB Slides Final.pdf
MAS 2023 SORB Slides Final.pdfARCResearch
640 views13 slides
COLI snapshot by
COLI snapshotCOLI snapshot
COLI snapshotARCResearch
257 views17 slides
Housing Snapshot Final June30 2023df by
Housing Snapshot Final June30 2023dfHousing Snapshot Final June30 2023df
Housing Snapshot Final June30 2023dfARCResearch
460 views22 slides
test2 by
test2test2
test2ARCResearch
170 views2 slides
ARC Aging Snapshot Final 2023.pdf by
ARC Aging Snapshot Final 2023.pdfARC Aging Snapshot Final 2023.pdf
ARC Aging Snapshot Final 2023.pdfARCResearch
288 views23 slides

More from ARCResearch(20)

Regionalsnapshot_HealthDisparities_Oct2023 by ARCResearch
Regionalsnapshot_HealthDisparities_Oct2023Regionalsnapshot_HealthDisparities_Oct2023
Regionalsnapshot_HealthDisparities_Oct2023
ARCResearch72 views
MAS 2023 SORB Slides Final.pdf by ARCResearch
MAS 2023 SORB Slides Final.pdfMAS 2023 SORB Slides Final.pdf
MAS 2023 SORB Slides Final.pdf
ARCResearch640 views
Housing Snapshot Final June30 2023df by ARCResearch
Housing Snapshot Final June30 2023dfHousing Snapshot Final June30 2023df
Housing Snapshot Final June30 2023df
ARCResearch460 views
ARC Aging Snapshot Final 2023.pdf by ARCResearch
ARC Aging Snapshot Final 2023.pdfARC Aging Snapshot Final 2023.pdf
ARC Aging Snapshot Final 2023.pdf
ARCResearch288 views
Economy Snapshot by ARCResearch
Economy SnapshotEconomy Snapshot
Economy Snapshot
ARCResearch157 views
Migration Presentation - Final.pdf by ARCResearch
Migration Presentation - Final.pdfMigration Presentation - Final.pdf
Migration Presentation - Final.pdf
ARCResearch285 views
Regional S17 Forecast Snapshot.pdf by ARCResearch
Regional S17 Forecast Snapshot.pdfRegional S17 Forecast Snapshot.pdf
Regional S17 Forecast Snapshot.pdf
ARCResearch907 views
Cost of Living Snapshot Sept. 2022 by ARCResearch
Cost of Living Snapshot Sept. 2022Cost of Living Snapshot Sept. 2022
Cost of Living Snapshot Sept. 2022
ARCResearch229 views
Aging Snapshot May 2022 Final.pdf by ARCResearch
Aging Snapshot May 2022 Final.pdfAging Snapshot May 2022 Final.pdf
Aging Snapshot May 2022 Final.pdf
ARCResearch255 views
Economy jan 22 snapshot web by ARCResearch
Economy jan 22 snapshot webEconomy jan 22 snapshot web
Economy jan 22 snapshot web
ARCResearch284 views
Economy jan 22 snapshot web by ARCResearch
Economy jan 22 snapshot webEconomy jan 22 snapshot web
Economy jan 22 snapshot web
ARCResearch25 views
Hispanic heritage month 1-population by ARCResearch
Hispanic heritage month 1-populationHispanic heritage month 1-population
Hispanic heritage month 1-population
ARCResearch434 views
Hispanic Heritage Month Data Overview by ARCResearch
Hispanic Heritage Month Data OverviewHispanic Heritage Month Data Overview
Hispanic Heritage Month Data Overview
ARCResearch127 views
A First Look at Atlanta's 2020 Census Results: Counties and "Up" by ARCResearch
A First Look at Atlanta's 2020 Census Results: Counties and "Up"A First Look at Atlanta's 2020 Census Results: Counties and "Up"
A First Look at Atlanta's 2020 Census Results: Counties and "Up"
ARCResearch2.5K views
Metro Atlanta Cost of Living, 2021 Update by ARCResearch
Metro Atlanta Cost of Living, 2021 UpdateMetro Atlanta Cost of Living, 2021 Update
Metro Atlanta Cost of Living, 2021 Update
ARCResearch393 views
RS June 2021: Neighborhood Change Dynamics Updated by ARCResearch
RS June 2021: Neighborhood Change Dynamics UpdatedRS June 2021: Neighborhood Change Dynamics Updated
RS June 2021: Neighborhood Change Dynamics Updated
ARCResearch467 views
Atlanta Regional Change: Census Tract Dynamics 2000-2019 by ARCResearch
Atlanta Regional Change: Census Tract Dynamics 2000-2019Atlanta Regional Change: Census Tract Dynamics 2000-2019
Atlanta Regional Change: Census Tract Dynamics 2000-2019
ARCResearch141 views
Aging Committee Selection: Metro Atlanta Speaks 2020 by ARCResearch
Aging Committee Selection: Metro Atlanta Speaks 2020Aging Committee Selection: Metro Atlanta Speaks 2020
Aging Committee Selection: Metro Atlanta Speaks 2020
ARCResearch142 views

Recently uploaded

Mr. Kenao Lao - 2023 ReSAKSS Conference.pptx by
 Mr. Kenao Lao - 2023 ReSAKSS Conference.pptx Mr. Kenao Lao - 2023 ReSAKSS Conference.pptx
Mr. Kenao Lao - 2023 ReSAKSS Conference.pptxAKADEMIYA2063
7 views13 slides
East godavari_art63.pdf by
East godavari_art63.pdfEast godavari_art63.pdf
East godavari_art63.pdfnarsireddynannuri1
6 views2 slides
IEA EnergyEfficiency Report 2023 by
IEA EnergyEfficiency Report 2023IEA EnergyEfficiency Report 2023
IEA EnergyEfficiency Report 2023Energy for One World
10 views126 slides
Financial sustainability of schemes managed by PHED in Punjab_Krishnakumar Th... by
Financial sustainability of schemes managed by PHED in Punjab_Krishnakumar Th...Financial sustainability of schemes managed by PHED in Punjab_Krishnakumar Th...
Financial sustainability of schemes managed by PHED in Punjab_Krishnakumar Th...India Water Portal
7 views19 slides
University of Cambridge: COP28 briefing by
University of Cambridge: COP28 briefingUniversity of Cambridge: COP28 briefing
University of Cambridge: COP28 briefingEnergy for One World
13 views33 slides

Recently uploaded(20)

Mr. Kenao Lao - 2023 ReSAKSS Conference.pptx by AKADEMIYA2063
 Mr. Kenao Lao - 2023 ReSAKSS Conference.pptx Mr. Kenao Lao - 2023 ReSAKSS Conference.pptx
Mr. Kenao Lao - 2023 ReSAKSS Conference.pptx
AKADEMIYA20637 views
Financial sustainability of schemes managed by PHED in Punjab_Krishnakumar Th... by India Water Portal
Financial sustainability of schemes managed by PHED in Punjab_Krishnakumar Th...Financial sustainability of schemes managed by PHED in Punjab_Krishnakumar Th...
Financial sustainability of schemes managed by PHED in Punjab_Krishnakumar Th...
Mapping location and co-location of industries at the neighborhood level - A... by OECD CFE
Mapping location and co-location of industries at the neighborhood level  - A...Mapping location and co-location of industries at the neighborhood level  - A...
Mapping location and co-location of industries at the neighborhood level - A...
OECD CFE7 views
Arrow Adoption Training for Kinship Families by ArrowMarketing
Arrow Adoption Training for Kinship FamiliesArrow Adoption Training for Kinship Families
Arrow Adoption Training for Kinship Families
ArrowMarketing42 views
Answer to UNESCO – Youth Employment Through Heritage and Culture in Yemen by Kevin Lognoné
Answer to UNESCO – Youth Employment Through Heritage and Culture in YemenAnswer to UNESCO – Youth Employment Through Heritage and Culture in Yemen
Answer to UNESCO – Youth Employment Through Heritage and Culture in Yemen
Kevin Lognoné7 views
Cover Letter for Canada VISITOR visa.pdf by Ariful Saimon
Cover Letter for Canada VISITOR visa.pdfCover Letter for Canada VISITOR visa.pdf
Cover Letter for Canada VISITOR visa.pdf
Ariful Saimon8 views
Dr. John Ulimwengu - 2023 ReSAKSS Conference.pptx by AKADEMIYA2063
Dr. John Ulimwengu - 2023 ReSAKSS Conference.pptxDr. John Ulimwengu - 2023 ReSAKSS Conference.pptx
Dr. John Ulimwengu - 2023 ReSAKSS Conference.pptx
AKADEMIYA20638 views
Silver Nanema - 2023 ReSAKSS Conference.pptx by AKADEMIYA2063
Silver Nanema - 2023 ReSAKSS Conference.pptxSilver Nanema - 2023 ReSAKSS Conference.pptx
Silver Nanema - 2023 ReSAKSS Conference.pptx
AKADEMIYA20636 views
WCAG 2.2 - An Overview of the New Accessibility Guidelines.pptx by AbilityNet
WCAG 2.2 - An Overview of the New Accessibility Guidelines.pptxWCAG 2.2 - An Overview of the New Accessibility Guidelines.pptx
WCAG 2.2 - An Overview of the New Accessibility Guidelines.pptx
AbilityNet42 views
Dr. Fatima Kareem - 2023 ReSAKSS Conference.pptx by AKADEMIYA2063
Dr. Fatima Kareem - 2023 ReSAKSS Conference.pptxDr. Fatima Kareem - 2023 ReSAKSS Conference.pptx
Dr. Fatima Kareem - 2023 ReSAKSS Conference.pptx
AKADEMIYA20635 views

2023 Population Estimates: ARC Region

  • 1. 2023 Population Estimates adopted August 9, 2023 1 Mike Carnathan Managing Director, Research & Analytics Department mcarnathan@atlantaregional.org
  • 2. 2 The Highlights The 11-county Atlanta region is now home to 5,158,374 residents in 2023, up from 5,091,644 in 2022. From April 1, 2022 to April 1, 2023 the region added 66,730 new residents. This represents an increase in growth compared to the 64,940 increase the region experienced 2021-2022, but still trails (but only slightly) the average annual increase in the 2010s, of 68,245. The upward trend of growth this past year reflects strong permit activity and continued growth of our job base to levels that now well exceed the pre-pandemic levels. Housing demand is very high—and prices as a result very high—which does act as a brake on population growth. Single-family permits remain constrained, balanced by historically high multifamily permitting levels. From 2022 to 2023, Fulton added 18,500 new residents, the largest single-year numeric increase in the region. Next were Gwinnett with 13,510 new residents, Cherokee with 7,120 new residents, and Cobb with 6,100 new residents. The City of Atlanta set the pace in the leading county of Fulton, continuing the momentum from 2021-2022. With a year-over-year increases in single-family permits and an all-time high of multifamily activity, the city added 14,300 new residents between 2022 and 2023, up close to threefold from 5,070 last year. The 2022-23 increase exceeds the previous record increase of 2018-2019 (10,900) Cherokee County leads the region in percentage increase, 2022-23, at 2.5 percent. Forsyth and Henry follow at 2.1, with Rockdale (2.0) following. The 2022-23 acceleration for Rockdale is notable, compared to 2021-22’s 1.3% increase. In 2022, there were 36,074 new residential building permits in the 11-county region, which was an increase of nearly 9,000 permits (far more multifamily but fewer single-family) from 2021 calendar year totals. Current building permit activity for the 11-county region remains lower than pre-Great Recession permit levels but did exceed the 1980-2022 average annual level of 33,540.
  • 3. 3 1980 1990 2000 2010 2020 2022 2023 Average Annual Change, 1980-2010 Average Annual Change, 2010-2020 Average Annual Change, 2020-2023 Atlanta Region 1,924,140 2,601,883 3,527,779 4,283,261 4,967,514 5,091,644 5,158,374 78,637 68,425 63,620 Cherokee 51,699 91,000 141,903 214,346 266,620 279,840 286,960 5,422 5,227 6,780 Clayton 150,357 184,100 236,517 259,424 297,595 302,285 303,315 3,636 3,817 1,907 Cobb 297,718 453,400 607,751 688,078 766,149 779,249 785,349 13,012 7,807 6,400 DeKalb 483,024 553,800 665,865 691,893 764,382 775,022 779,442 6,962 7,249 5,020 Douglas 54,573 71,700 92,174 132,403 144,237 149,297 150,697 2,594 1,183 2,153 Fayette 29,043 62,800 91,263 106,567 119,194 122,684 124,284 2,584 1,263 1,697 Forsyth 27,958 44,083 98,400 175,511 251,283 265,033 270,833 4,918 7,577 6,517 Fulton 589,904 670,800 816,006 920,581 1,066,710 1,087,170 1,105,670 11,023 14,613 12,987 Gwinnett 166,808 356,500 588,448 805,321 957,062 983,702 997,212 21,284 15,174 13,383 Henry 36,309 59,200 119,341 203,922 240,712 252,502 257,802 5,587 3,679 5,697 Rockdale 36,747 54,500 70,111 85,215 93,570 94,860 96,810 1,616 836 1,080 City of Atlanta 424,922 415,200 416,474 420,003 498,715 507,015 521,315 (164) 7,871 7,533 The Estimates: 2023 ARC Population The average annual increases since 2010 (the depth of the Great Recession) have trailed the average growth from 1980-2010 by over 15%. The period of the 1990s saw the strongest growth. This pattern does not hold for all the subregion areas though. Cherokee and Forsyth have grown faster (in absolute terms) since 2010, and the City of Atlanta went from losses 1980-2010 to strong recovery since then.
  • 4. 4 Some Background: Estimates Over The Past Decade 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18 18-19 19-20 20-21 21-22 22-23 Annual Population Change, ARC Estimates 10 County 11 County The average annual population growth (10-county) did not bounce back, post-Great Recession, to 50,000-plus until 2013-14. While growth then climbed to nearly 80,000 in 2016-17, this was followed by declines until and including the 2020-2021 “year of COVID onset. There has been moderate recovery since then (2021-2023)--while the job market recovered, migration was constrained by factors like reduced housing supply and affordability.
  • 5. The Supporting Facts: Job Increases -2.0% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% Austin Dallas Las Vegas Orlando Atlanta Houston Miami Denver Los Angeles Boston Chicago Minneapolis Washington DC % Change since Pre-Pandemic (Feb. 2020 – May 2023) Source: Bureau of Labor Statistics More on that job growth—Atlanta ranks fifth in percentage growth in job base over the span of the pandemic and recovery. Dallas is the only MSA of comparable size that has matched the rate of job recovery in Atlanta. Many larger metros (E.G. Los Angeles, Boston, Chicago) have substantially lagged Atlanta’s job base growth February 2020 through May 2023.
  • 6. The Supporting Facts: Building Permits – Long View Source: State of the Cities Data System (HUD) 0 10,000 20,000 30,000 40,000 50,000 60,000 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 42-Year Annual Average: 33,540 Permits for 2022 (which “feed” our April, 2023 estimate) matched the 42-year average annual—for the first time since 2007, but 2022 levels still fall below each annual value for the 1993-2005 period.
  • 7. The Supporting Facts: Building Permits – Last Year (2022) Source: State of the Cities Data System (HUD) 1,775 2,495 373 1,371 1,141 374 597 1,354 2,225 3,655 1,580 460 10,078 526 0 1,502 1,268 291 5 1,247 547 1,704 942 564 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 5,500 6,000 6,500 7,000 7,500 8,000 8,500 9,000 9,500 10,000 10,500 11,000 11,500 12,000 City of Atlanta Cherokee Clayton Cobb DeKalb Douglas Fayette Forsyth Fulton Non- COA Gwinnett Henry Rockdale Residential Units Authorized By Building Permit, 2022 (11-County) Single-Family Multifamily 2022 11-County permitting was “dominated” by the 10,000+ multifamily units in the City of Atlanta. Gwinnett, Cherokee, and Fulton (outside of the City of Atlanta) had the top three amounts of single-family permits. There were over 500 multifamily units in all jurisdictions save Douglas, Fayette, and Clayton.
  • 8. The “Good To Have” Information: Mapping Single-Family Permits Permits in 2022, for the 11-County area, continued to cluster to the north of I-20, outside the 285 Perimeter, in areas off the I-85 and I-75 corridor. Single-family permitting is healthy in the City of Atlanta, growing in Henry County and West Fayette, and spinning up along I-20 East in Rockdale and Newton Counties. NOTE: A share of these permits are on recently created streets, cannot be precisely geocoded, and as a result are allocated to tract or zip centroid.
  • 9. The “Good To Have” Information: Mapping Multi-Family Units Source: Co-Star As the permit slides showed earlier, plans for and construction of multifamily projects has exploded in 2022. Development activity has spread further out along the interstate corridors, but the larger recently built or ‘under construction’ projects continue to cluster in the core and the portion of the region north of I- 20 . This multifamily clustering to the north” is even more dramatic than with single-family development.