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Coronavirus creates homebuyers’ opportunity, even as some Valley builders close sales offices

Posted by   /  March 18, 2020  /  Coronavirus, Real Estate  /  No Comments

(Disclosure: Rose Law Group represents Fulton Homes.) By Angela Gonzales | Phoenix Business Journal The coronavirus pandemic is causing some homebuilders to close their sales offices in the Valley at a time when low mortgage interest rates are creating a window for homebuyers. Given the current COVID-19 pandemic, Scottsdale-based Taylor Morrison Home Corp. (NYSE: TMHC) […]

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Why Phoenix is ground zero for homebuilders focused on hybrid rental communities

Posted by   /  February 28, 2020  /  Real Estate  /  No Comments

By Angela Gonzales | Phoenix Business Journal Phoenix is ground zero for a rapidly growing hybrid rental housing product that’s catching the attention of national homebuilders. Big publicly traded homebuilders such as Horsham, Pennsylvania-based Toll Brothers Inc. (NYSE: TOL) and Scottsdale-based Taylor Morrison Home Corp. (NYSE: TMHC) have put their hats in the ring, while […]

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Jim Belfiore sees more demand for fledgling build-to-rent market

Posted by   /  February 28, 2020  /  Economy, Real Estate  /  No Comments

By Angela Gonzales | Phoenix Business Journal As more homebuilders turn their attention to building single-family rental homes, the Business Journal caught up with Jim Belfiore, founder and president of Belfiore Real Estate Consulting to find out more about the growing trend. What do you think about homebuilders hedging their bets by building for-sale and rental homes? In subdivision […]

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Valley single-family homebuilding permits surge in 2019; several hot spots emerge

Posted by   /  January 26, 2020  /  Real Estate  /  No Comments

By Angela Gonzales | Phoenix Business Journal Homebuilders pulled 9% more single-family building permits in 2019 than they did during 2018, according to data released by the Home Builders Association of Central Arizona. In 2019, homebuilders pulled 24,476 single-family building permits. That was above the 22,437 permits they pulled in 2018, according to HBACA. Here is a breakdown showing […]

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Homebuilders: Rejuvenation set to continue into 2020

Posted by   /  December 18, 2019  /  Real Estate  /  No Comments

Seeking Alpha Left for dead early in the year, homebuilders have sprung back to life this year – surging more than 50% – after falling into a “mini housing recession” in 2018. After dipping 30% last year, the combination of sharply lower mortgage rates, strong demographic-driven demand, and lower construction materials prices have rejuvenated single-family […]

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Local homebuilders fill in the gaps, creating small, affordable Tucson housing communities

Posted by   /  November 19, 2019  /  Real Estate  /  No Comments

Pepper Viner recently got permission to rezone the former Corbett Elementary School at 5949 E. 29th St. for a 71-home community. / Kelly Presnell / Arizona Daily Star By Gabriela Rico | Arizona Daily Star As new-home prices continue to rise, local homebuilders are filling in the gaps, creating small housing communities in pockets around […]

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Belfiore: Rising costs impact Valley homebuilders’ ability to deliver affordable housing

Posted by   /  September 19, 2019  /  Real Estate  /  No Comments

Construction costs and a labor shortage are making it tougher for homebuilders to deliver affordable homes. / Bryan Snider / Phoenix Business Journal By Angela Gonzales | Phoenix Business Journal As demand in the Valley increases for entry-level homes, homebuilders are doing what they can to give buyers what they want, but how long they’ll be […]

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Three homebuilders set to build in new north Scottsdale development

Posted by   /  August 12, 2019  /  Real Estate  /  No Comments

One of the last master-planned communities of its kind in Scottsdale is set to be built on land near a majestic urban preserve. / Joshua Taff / Phoenix Business Journal About $125 million is being invested to develop the new Valley community By Angela Gonzales | Phoenix Business Journal Three homebuilders are the first to […]

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3 homebuilders sign on for final chunk of 7,100-acre Peoria community

Posted by   /  August 1, 2019  /  Real Estate  /  No Comments

Northpointe at Vistancia is the fourth and final lifestyle community at Vistancia, a master-planned community in north Peoria. / Provided by Vistancia / Phoenix Business Journal West Valley gaining momentum as a hotbed of housing activity By Angela Gonzales | Phoenix Business Journal Three homebuilders have signed contracts to be the first to build on the […]

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Valley custom homebuilders see prices settling in, new features in demand

Posted by   /  July 2, 2019  /  Real Estate  /  No Comments

The designs for the luxury homes at Village at Mountain Shadows, from Cullum Homes, include outdoor living space with water and fire features. / Phoenix Business Journal By Dale Brown | Phoenix Business Journal Custom home building is big business in Arizona, and with the market upswing it’s become even more in demand. Buyers willing to […]

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