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.
