Homebuilders unveil new Valley communities, despite soft spring sales

By Angela Gonzales | Phoenix Business Journal

Despite a soft spring, several homebuilders are moving ahead with plans to open their communities throughout the Valley this summer.

“The Phoenix area housing market has stalled in recent months as a result of eroding affordability from spiking mortgage interest rates,” said Steve Hensley, advisory manager for Zonda housing research firm. “Zonda’s New Home Pending Sales Index shows demand fell 10% from April to May and demand was 24% lower than a year ago.”

Read the full subscription story from the Phoenix Business Journal.

Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

VESTAR Year-End Video 2024

Thanks to the dedication and hard work of our incredible team, Vestar closed out its 35th year with remarkable growth. I am immensely proud of their achievements

Read More »