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Single family rentals getting more pricey

Posted by   /  September 13, 2017  /  Real Estate  /  No Comments

Zillow finds paucity of inventory is driving rents up. Builder Rental houses have been in high demand since the housing market crashed, but a lack of supply has made renting those homes more expensive, according to a new Zillow® analysis released Tuesday. While rents for both houses and apartments have slowed significantly over the past […]

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Time to build a single-family home in 2016

Posted by   /  September 7, 2017  /  Real Estate  /  No Comments

By Na Zhao | NAHB The 2016 Survey of Construction (SOC) from the Census Bureau shows that the average completion time of a single-family house is around 7.5 months, which usually includes almost a month from authorization to start and another 6.5 months to finish the construction. The timeline from authorization to completion, however, which is not consistent across […]

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North Phoenix home prices vs. cheapest and most expensive cities

Posted by   /  August 22, 2017  /  Real Estate  /  No Comments

By Robert Roy Britt | NorthPhoenixNews Home prices in North Phoenix are above the national average, but nothing like the most expensive housing markets in the country. Imagine paying $1.1 million for a median-priced home. On the low end, move to the right little city and you could find a median-priced home under $100,000. The national median […]

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U.S. housing starts dropped in July

Posted by   /  August 16, 2017  /  Real Estate  /  No Comments

housing

Residential building permits, seen as a signal the amount of construction is in the pipeline, fell 4.1% U.S. housing starts fell last month, driven by a pullback in multifamily construction. The Wall Street Journal reports housing starts decreased 4.8% in July from the prior month to a seasonally adjusted annual rate of 1.155 million, the […]

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Housing starts, permits jump in June

Posted by   /  July 26, 2017  /  Real Estate  /  No Comments

Single family starts up 6.3% to an annual pace of 849,000 Builder Housing starts in June came in 8.3% ahead of May at a seasonally adjusted annual rate of 1,215,000, 2.1% above the June 2016 rate of 1,190,000, the Census Bureau reported Wednesday. Single-family starts were up 6.3% to a rate of 849,000, 10.3% ahead […]

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Post-recession high set for custom home building

Posted by   /  November 22, 2016  /  Real Estate  /  No Comments

By Robert Dietz | Eye On Housing NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates that the number of custom home building starts (homes built on an owner’s land, with either the owner or a builder acting as the general contractor) set a post-recession high for […]

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Peoria P&Z OKs ‘Bungalows on Olive’

Posted by   /  May 8, 2016  /  Government and Politics, Real Estate  /  No Comments

By Matthew Roy at Arizona Builder’s Exchange The City of Peoria’s Planning and Zoning Commission has approved a developer’s plan to transform an undeveloped 15.47-acre parcel into a unique multifamily development. Located at the SEC of Olive and 83rd avenues, The Bungalows on Olive project will bring a 153-unit community comprised of 50 attached one-bedroom […]

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America’s great housing divide

Posted by   /  April 28, 2016  /  Real Estate  /  No Comments

By Ted Mellnik, Darla Cameron, Denise Lu, Emily Badger and Kat Downs | The Washington Post The Post analysis, based on data from Black Knight Financial Services spanning 2004 through 2015, shows how the nation’s housing recovery has exacerbated inequality, leaving behind many Americans of moderate means. It also helps explain why the economic recovery […]

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Phoenix to get $28M apartments on Indian School Road

Posted by   /  April 27, 2015  /  Dealmaker, Real Estate  /  No Comments

Aura on Indian School

By Luci Scott | Arizona Builder’s Exchange A $28M, 220-unit apartment community will be built on 7.5 acres on the northwest corner of 20th Street and Indian School Road, to be called Aura on Indian School. The joint venture that is developing the site is looking for more multi-family infill parcels in Phoenix, Tempe, Chandler […]

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P.B. Bell Venture spends $33.5M for 294-unit apartment complex in Phoenix

Posted by   /  March 12, 2015  /  Dealmaker, Real Estate  /  No Comments

apartments

By Business Real Estate Weekly A venture formed by P.B. Bell Cos.  in Scottsdale (Phil Bell, Chapin Bell, principals) paid $33.5 million ($113,946 per unit) to purchase The Boulevard, a 294-unit apartment project located at 110 E. Greenway Parkway in Phoenix. The seller was AG/Starboard 110 Greenway Owner LLC, a company formed by Angelo, Gordon […]

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