(Disclosure: Rose Law Group represents Fulton Homes.)
By InBusiness Phoenix
Fulton Homes, Arizona’s largest family-owned and -operated homebuilder, saw a 62 percent increase in housing starts in 2020 compared with 2019. In 2020, Fulton Homes started construction on 1,121 homes, compared with 692 home starts in 2019. Additionally, the Tempe-based homebuilder sold a total of 1,272 homes in 2020, a 44 percent increase compared with 883 homes sold in 2019. The company expects to sell more than 1,500 homes in 2021.
“To do this kind of business speaks to the vision we have for our homebuyers and communities,” said CEO Doug Fulton. “The ups and downs of the last year were unpredictable, so we’re grateful we can be in a position to sell homes to families in an extremely lean market.”
The increase in both housing starts and home sales proves the intense demand for new Valley homes. A combination of low mortgage rates and an influx of buyers from out of state are causing a shortage of inventory and a need for more new home developments.
