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New Home Builder Report (Phoenix AZ) from RL Brown
RL BROWN , the Maricopa County, Real Estate Expert shared the following information about the new home market and new home builders in a recent letter
DR Horton captures the #1 spot for unit volume in 2008. 3,607 units were closed. Pulte was second with 3,238. Both builders were aggressive in marketing and spec building.
It should be noted that DR Horton’s numbers do not reflect the large number of age-restricted units that are enjoyed by Pulte/Dell Webb division.
Right now, we have a 70,000+ unit housing market! Last year there were 72,000 actual new sales and resale home sales in the metro Phoenix housing market – not just contracts, but CLOSED HOMES.
While that is not what we enjoyed in 2005, it remains a WORLD CLASS HOUSING MARKET.
RL Brown believes that there will be an increase in the percentage of new homes this year because the “smart” builders are working with their land owners and subcontractors to compete with the foreclosed bank owned inventory that will be our competition for the next 4 to 5 years.
RL Brown believes many builders will be offering products that compare more favorably to the foreclosed homes. More innovative floor plans, higher energy ... more

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