April 24, 2024 8:55 pm
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Gilbert homebuilder snags land in Arizona’s fastest-growing city

By Angela Gonzales | Phoenix Business Journal

The $11 million purchase of 35 acres within Verrado master-planned community in Buckeye is like a homecoming for Todd Tucker, CEO of Gilbert-based Capital West Homes.

After all, under his previous company, Mesa-based Pinnacle West Homes, Tucker had built 400 homes at Verrado between 2014 and June 2019, which was when he sold Pinnacle West Homes to Newport Beach, California-based Landsea Homes Corp. (Nasdaq: LSEA)

Read the full subscription story from the Phoenix Business Journal.

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New home sales post solid gain in March

By NAHB Despite higher interest rates last month, new home sales rose in March due to limited inventory of existing homes. However, the pace of new home sales will be under pressure in April as mortgage rates moved above 7% this

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