Homebuilders resume fast-paced Valley land grab

(Disclosure: Rose Law Group represents Brookfield Property Group, Fulton Homes and Shea Homes.)

By Angela Gonzales | Phoenix Business Journal

Homebuilders are busy buying lots and building model homes across metro Phoenix in a sign of increasing optimism in the residential real estate sector.

R.L. Brown Housing Reports tracked 1,053 land transactions with 30,617 acres and 14,194 lots purchased in 2023 in Maricopa and Pinal counties. That’s down from 1,442 land transactions over 47,359 acres in 2022 — though the amount of lots purchased was actually up 8.5% from the13,088 lots were purchased in 2022, according to R.L. Brown Housing Reports.

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February 14, 2024

Brookfield Property Group, Client News, Fulton Homes, Shea Homes

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