A small city in Alabama is moving forward with a new housing community. This development would add fuel to the region’s growth trend.
The city of Clanton, off Interstate 65 between Birmingham and Montgomery, approved zoning for The Grove at Harmony, a 150-acre development from Alpharetta, Georgia-based DDB Capital.
Containing approximately 248 homesites, the zoning for The Grove at Harmony allows for a variety of home types and neighborhood densities.
In a statement, DDB Capital managing director Derek Distenfield said the location was chosen to accommodate a growing population of workers in the northern part of the state.
“Alabama’s growth story is not limited to Huntsville or Space Command,” Distenfield said, referencing President Trump’s recent announcement that the headquarters for the Space Force would move from Colorado Springs, Colorado, to Huntsville. “Clanton’s central location, workforce access, and small-town character create a rare combination that appeals to families, builders, and long-term investors.”
Information on construction dates and starting home prices was not immediately available. Representatives for DDB Capital could not be immediately reached for comment.
The South has become the nation’s most popular region for new home construction.
According to a survey conducted by Homes.com, 40% of people who either bought a newly built home in the past 24 months or planned to buy one in the next 24 months were looking in the region made up of Florida, Georgia, Alabama, Mississippi, Louisiana, Texas, Oklahoma, Arkansas, Tennessee, Kentucky, Virginia, West Virginia, Maryland, Delaware, North and South Carolina and Washington, D.C.
A 2023 study from the Pew Charitable Trust found that seven Southern states had population increases greater than 1% from July 2021 to July 2022.
Clanton had a population of 8,768 as of 2020, according to the Census Bureau.
About DDB Capital:
DDB Capital Fund LLC is a premier real estate investment fund focused on innovative and transformative developments across the Southeast. With a commitment to excellence, community enrichment, and sustainable growth, DDB Capital delivers exceptional projects that provide lasting value for investors and residents.
For more information, visit www.ddbcapital.com.
SOURCE: Homes.com
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