By Gabriela Rico | Arizona Daily Star
New houses are selling faster than they’re being built in the Tucson market, and in some cases, they are less expensive than resale homes.
Aside from homebuilders cutting down on lot sizes and building on smaller foundations, new homes are being designed with open floor plans that eliminate obsolete space, such as hallways.
And as the average prices of new and existing homes narrow, more homebuyers are turning to new construction.
Since the beginning of the year, when the average new home price was $503,375, prices have fallen more than $60,000 to an average of $443,328 this summer.
