Michael E. Kanell

Business Reporter

Economics writer Michael E. Kanell has covered business, telecom, jobs and housing for the AJC since 1995.

Latest from Michael E. Kanell

Georgia economy tightly tied to global factors, says GSU forecaster
 The economic trajectory of Georgia is now pretty much the same as the national track, making the state’s growth sensitive to the same big factors – especially trade and interest rates, according to a high-profile forecaster. Job growth will continue – albeit more slowly than in the past several years – but after nearly...

Posted: 12 hours ago

The economic trajectory of Georgia is now pretty much the same as the national track, making the state’s growth sensitive to the same big factors – especially trade and interest rates, according to a high-profile forecaster. Job growth will continue – albeit more slowly than in the past several years – but after nearly...
Metro Atlanta home sales crimped by record shortage of listings
 Metro Atlanta’s incredible, shrinking inventory is at it again: the number of homes listed for sale continued to fall in April, according to a report issued by Re/Max of Georgia. That supply of homes on the market represented just 1.9 months of sales, compared to the six or seven months of supply that is typical in a healthy real estate...

Posted: a day ago

Metro Atlanta’s incredible, shrinking inventory is at it again: the number of homes listed for sale continued to fall in April, according to a report issued by Re/Max of Georgia. That supply of homes on the market represented just 1.9 months of sales, compared to the six or seven months of supply that is typical in a healthy real estate...
Atlanta man in legal tussle with ambitious housing start-up
 The real estate industry is replete with tech-savvy start-up companies aiming to disrupt a massive market, but sometimes the disruptors get disrupted. Take the case of Divvy Homes vs. Matthew Cardinale. Friday, a judge in Fulton County Superior Court will consider whether to break the contract between the company and a frustrated wannabe...

Posted: 2 days ago

The real estate industry is replete with tech-savvy start-up companies aiming to disrupt a massive market, but sometimes the disruptors get disrupted. Take the case of Divvy Homes vs. Matthew Cardinale. Friday, a judge in Fulton County Superior Court will consider whether to break the contract between the company and a frustrated wannabe...
Knock is one of the ambitious entries in Atlanta real estate
 Knock, Inc., a venture-backed start-up, has plans to disrupt the housing market, and it has picked Atlanta as one of its first two targets. The San Francisco-based company, which actually set up shop in Atlanta more than a year ago has moved to boost its profile in recent months, working with homeowners who wants to sell their property, then...

Posted: 2 days ago

Knock, Inc., a venture-backed start-up, has plans to disrupt the housing market, and it has picked Atlanta as one of its first two targets. The San Francisco-based company, which actually set up shop in Atlanta more than a year ago has moved to boost its profile in recent months, working with homeowners who wants to sell their property, then...
Royal-watching in Marietta: ex-pats and Georgians, tea, vows and ... baps?
 Sunrise in Marietta was still a few minutes away as the large screen showed a large crowd in a massive London cathedral. In the Queen’s Pantry, tucked into a strip mall near the corner of Johnson Ferry and Roswell roads, nearly 40 people bubbled with eager excitement as they settled in to watch the wedding of Harry and Meghan &ndash...

Posted: 4 days ago

Sunrise in Marietta was still a few minutes away as the large screen showed a large crowd in a massive London cathedral. In the Queen’s Pantry, tucked into a strip mall near the corner of Johnson Ferry and Roswell roads, nearly 40 people bubbled with eager excitement as they settled in to watch the wedding of Harry and Meghan &ndash...
HD Supply: showy building, aggressive growth
 For a $5.1 billion-a-year company, HD Supply has been a little obscure, but that may be changing. So far this year, the Atlanta-based company – spun off from Home Depot – has plopped down $380 million to buy Hartford-based A.H. Harris, moved into a brand new $100 million headquarters that overlooks I-75, and is...

Posted: 6 days ago

For a $5.1 billion-a-year company, HD Supply has been a little obscure, but that may be changing. So far this year, the Atlanta-based company – spun off from Home Depot – has plopped down $380 million to buy Hartford-based A.H. Harris, moved into a brand new $100 million headquarters that overlooks I-75, and is...
First back-to-back job loss for Georgia since 2010
 After a pretty good start to the year, Georgia’s economy lost 2,800 jobs in April, according to a report Thursday from the state Department of Labor. The disappointing news follows a job loss in March. Monthly data is notoriously uneven and even two months do not make a trend, but the back-to-back monthly downers are the first...

Posted: 6 days ago

After a pretty good start to the year, Georgia’s economy lost 2,800 jobs in April, according to a report Thursday from the state Department of Labor. The disappointing news follows a job loss in March. Monthly data is notoriously uneven and even two months do not make a trend, but the back-to-back monthly downers are the first...
Atlanta’s Home Depot: higher profits in not adding stores
 Home Depot opened just one store last quarter – and the lack of expansion is actually good for profits. With 2,285 retail locations, Atlanta-based Home Depot now has 90 percent of the U.S. population within 10 miles of a store, which means it does not need to spend money and resources to the costly process of finding, planning...

Posted: 8 days ago

Home Depot opened just one store last quarter – and the lack of expansion is actually good for profits. With 2,285 retail locations, Atlanta-based Home Depot now has 90 percent of the U.S. population within 10 miles of a store, which means it does not need to spend money and resources to the costly process of finding, planning...
Atlanta home sales: Prices up, listings down in April
 Metro Atlanta home prices  in April were up 8.7 percent from a year ago, according to a report from the Atlanta Realtors Association. The median price of a home sold in the 11-county region tracked by the Realtors during the month was $274,000. A year ago, the median sales price was $252,000. The April price at least partly reflected the...

Posted: 9 days ago

Metro Atlanta home prices in April were up 8.7 percent from a year ago, according to a report from the Atlanta Realtors Association. The median price of a home sold in the 11-county region tracked by the Realtors during the month was $274,000. A year ago, the median sales price was $252,000. The April price at least partly reflected the...
Proposed HUD rent reforms have locals worrying, wondering
 As the door to his home opens, Tony Caldwell, 58, shifts his wheelchair slightly to accommodate his guests. The former delivery driver for a concession machine company lives in Westminster Apartments, a 32-unit, generic-looking, two-floor apartment complex, fenced off from the surrounding Piedmont Park area in Atlanta. It’s better than...

Posted: 12 days ago

As the door to his home opens, Tony Caldwell, 58, shifts his wheelchair slightly to accommodate his guests. The former delivery driver for a concession machine company lives in Westminster Apartments, a 32-unit, generic-looking, two-floor apartment complex, fenced off from the surrounding Piedmont Park area in Atlanta. It’s better than...
Natural gas prices low, offer Atlanta consumers chance to lock in
 For consumers in Georgia’s $8.5 billion natural gas market, this may be a good time to think about “locking in” a price. Among the 14 natural gas marketers in the state, there is a range of prices. Because natural gas is a commodity, the price rises and falls through the year, sometimes dramatically. Residents...

Posted: 13 days ago

For consumers in Georgia’s $8.5 billion natural gas market, this may be a good time to think about “locking in” a price. Among the 14 natural gas marketers in the state, there is a range of prices. Because natural gas is a commodity, the price rises and falls through the year, sometimes dramatically. Residents...