Builders Gobbling Up Land to Develop in North Scottsdale

By Angela Gonzales | Phoenix Business Journal Mark Weber is making big land buys in metro Phoenix at a time when it’s getting tougher to find new acreage. The Arizona division president for Houston-based David Weekley Homes said he is spending $117 million on land and development for 12 new projects totaling more than 1,000 …

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Demand So High, Valley Homebuilders Consider Lotteries

By Angela Gonzales | Phoenix Business Journal Record low mortgage rates are pushing homebuilder sales office traffic and new home sales higher, as the supply of existing homes remains extremely low in Arizona. This is causing some homebuilders to think about using a lottery or drawing system to sell a limited supply of homes, said …

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