An article, 2nd Waterfront tower on way, from the Arizona Republic Scottsdale, reports that the second Waterfront tower at Scottsdale Road and Camelback will begin welcoming its first residents in June. Residents of the first Waterfront condo tower started moving in in February. The $240 million Waterfront condo project is the most prominent landmark in downtown Scottsdale. Buyers at the Waterfront paid an average of $1.2 million for their condos, with the last few condos starting at $1.7 million each. Scottsdale Waterfront has a mix of residents ranging from their late 20's to the 70's, and only one in five buyers was from out-of-state, according to Geoffrey Edmunds, a development partner with Opus West for the project.
http://www.azcentral.com/community/scottsdale/articles/0416sr-waterfront0416-ON.html
Another article, Housing starts rise for second straight month in March, from the USA TODAY, reports that construction of new homes nationally rose for the second straight month in March, providing a glimmer of hope that the worst of the housing downturn may be over. The Commerce Department said Tuesday that housing starts rose 0.8% in March. In February, housing starts jumped 7.6%. Building permits also rose 0.8% in March, the first advance in three months. Building permits signal future builder construction plans. The Commerce Department housing data comes a day after a private survey of homebuilders showed that they took a gloomy view of the market in April. The National Association of Homebuilders/Wells Fargo Housing Market Index dropped to 33 this month, from 36 in March. Readings below 50 indicate more builders view market conditions as poor rather than favorable.
http://www.usatoday.com/money/economy/housing/2007-04-17-housing-starts-rise_N.htm
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