More Valley Home Buyers Looking for Multigenerational Living Space

By Angela Gonzales | Phoenix Business Journal A tight housing supply during the coronavirus pandemic is causing home shoppers to look for more affordable ways to get parents, grandparents and grandchildren all together under one roof. Building a casita in the backyard of an existing home is one way to go, but each city has …

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Scottsdale Homebuilder Plans to Spend $1.5B On Land

By Angela Gonzales | Phoenix Business Journal With a record-breaking fourth quarter, Meritage Homes Corp. is poised to spend more than $1.5 billion on land this year to beef up its community count across the country. In his first earnings call as CEO of Meritage, Phillippe Lord told analysts he plans to be operating 300 …

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Influencer Marketing Forecast: January vs December 2020

Back in January of this year, Influencer Marketing moderator Fletcher Wilcox (The Wilcox Report) led a panel of local real estate experts that included Jim Daniel (RL Brown Housing Reports), Tina Tamboer (The Cromford Report) and Tom Ruff (The Information Market). Their focus was on local housing futures before COVID-19 hit. Here is how their …

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Scottsdale Homebuilder Ramps Up Land Acquisition Pace

By Angela Gonzales | Phoenix Business Journal In an effort to keep up with homebuyer demand, Scottsdale-based Taylor Morrison Home Corp. is gobbling up even more land across the nation — and the Valley. Sheryl Palmer, president and CEO of the Scottsdale-based homebuilder, told analysts in a third quarter earnings call (on Oct. 28 that) …

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Local Perspective On New U.S. Home Sales ‘Surge’ Numbers

One could argue that all stats are relative and local market data rules. Which is why sharing national stats with clients can be problematic. Take for instance this August 25th MarketWatch headline: New home sales surged to highest level since 2006 in July, but builders could soon face headwinds. How does that play out in …

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New Permits Surge in July for Valley Homebuilders

By Angela Gonzales | Phoenix Business Journal Homebuilders around the Valley have increased the number of single-family building permits pulled for the third-straight month, shaking off the effects of the coronavirus that stalled growth in the spring. Meritage Homes Corp. pulled the most single-family building permits in July around the Valley, according to RL Brown …

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Custom Home Lot Sales Going Strong in Metro Phoenix

By Angela Gonzales | Phoenix Business Journal More than 100 custom home lots priced above $1 million have been sold in metro Phoenix during the past 12 months, and COVID-19 doesn’t seem to be impacting sales so far, according to data compiled exclusively for Phoenix Business Journal. Research by RL Brown Housing Markets shows 101 …

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May Sales a Bright Spot for Valley Homebuilders

By Angela Gonzales | Phoenix Business Journal Homebuilders in Maricopa County saw an uptick in sales during May as residents began to venture out with an itch in their pocketbooks. Homebuilders saw a 9% increase during May over April and increased by less than 1% year-over-year from May 2019, said Jim Daniel, president of RL …

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Valley Homebuilders Commit to More Construction

By Angela Gonzales | Phoenix Business Journal Homebuilders are pulling more single-family building permits than they did this time last year, according to new data released by the Home Builders Association of Central Arizona. From January through April, homebuilders pulled 8,680 permits, an 11% increase over the same period during 2019, according to HBACA. Avondale …

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Growing Number of Valley Builders Churn Out More Affordable Homes

By Angela Gonzales | Phoenix Business Journal While home affordability is in focus in the Valley as overall home prices continue to rise — the result of demand and the still-surging area economy — an analysis of the region’s homebuilding efforts shows the number of new residences built or in the pipeline is on the …

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