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Phoenix new-home market not as hot as people think?

Fulton Homes CEO Doug Fulton
Fulton Homes CEO Doug Fulton

By Kristena Hansen | Phoenix Business Journal

Tempe-based Fulton Homes CEO Doug Fulton has a message for his colleagues: the Phoenix area new-home market isn’t nearly as hot as you think it is.

In a statement this week, Fulton said new-home closing figures — such as the 23 percent-year-over-year spike in September, as reported by Arizona State University last week — are misleading out-of-state and unfamiliar homebuilders into believing the time is now ripe to enter the Phoenix market and strike it rich.

Continued:

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.