rl brown report: New Home Builder Report (Phoenix AZ) from RL Brown - 02/12/09 07:45 AM
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 … (2 comments)

rl brown report: State of the New Home Market - 08/28/08 10:06 AM
The most recent RL Brown Report has been issued.
Below please find the highlights of its focus on (Phoenix Area ) new home builders --
as reported by Brian Richards , Vice President , Coldwell Banker Residential Brokerage , Bulder Services
RL Brown makes some interesting predictions relative to how homebuilders will do business in the future.
"With the shifts in credit criteria, the probability of higher mortgage rates in the near and mid-terms, the loss of paper equity in the present stock of homes, and the general stumbling of the global and national economies, and the shifts in energy strategies, … (5 comments)

rl brown report: Permits down 40% - bad for builders good for you - 08/28/08 01:13 AM
According to the RL Brown Real Estate report ...
 "housing permits, the leading gauge of home construction was down more than 40% in July, compared with a year earlier."
Undoubtedly, this is unfortunate news for builders, who are large contributors to the Greater Phoenix economy.
However, this is some positive news for the real estate market.
Resale homes on the market number 60,000 (give or take). Roughly, a year's supply. Foreclosures are rising. Bank owned homes (REO) and short sales are glutting the market. Before any stabilization in housing or (dare I say) rebound in real estate will be followed by … (11 comments)

rl brown report: RL Brown Report offers some Good News for Phoenix Real Estate Market - 06/08/08 02:43 PM
RL Brown , the premier source for Phoenix area housing data, incuding the cities of
Phoenix, Scottsdale, Tempe, Fountain Hills, Peoria, Glendale, Paradise Valley, and communities of Desert Ridge, DC Ranch, Troon, Grayhawk
and its most recent report on the the Phoenix housing market showed signs that we may be approaching a bottom.
Although inventory levels have remained high and stayed at the same level,
Sales have picked up for several reasons.
1) Lower home prices - yes, prices are going down, especially here in Arizona and metro Phoenix Scottsdale, where we saw on of the biggest national drops. Inventories remain high. … (0 comments)

 

James Wexler

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