Land rush: Intense demand for new Valley houses leaves homebuilders in competition for acres

(Disclosure: Rose Law Group represents Fulton Homes, Lennar, Shea Homes and Taylor Morrison.)

By Angela Gonzales | Phoenix Business Journal

With new homes quickly filling up what’s left of the Valley’s existing lot supply to keep up with buyer demand, many production homebuilders are competing in a land rush as they scout for huge parcels to build their own master-planned communities instead.

That puts some builders in a new position as they deal with considerations that don’t come with building on existing lots.

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