Pro Builder

JUNE 28, 2023

Cities such as Phoenix, Las Vegas, and Miami are attracting the most interest, but according to Insider , they’re also home to some of the biggest climate risks in the country, from droughts and heat waves to flooding and hurricanes. Read more Housing Markets Environmental Affordability Housing Markets

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Pro Builder

AUGUST 18, 2022

List prices are beginning to fall as active inventory spends more time on the market, meaning that those still searching for homes are finding more options and less competition. San Jose saw the largest monthly home value decline at -4.5%, followed by San Francisco (-2.8%), Phoenix (-2.8%), and Austin (-2.7%). Thu, 08/18/2022 - 10:50.

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San Jose San Francisco Housing Metro 98

Pro Builder

MARCH 31, 2022

Rising mortgage rates coupled with low housing inventory created a competitive market for buyers, who went toe to toe for a small share of high-priced homes. Cities like Phoenix and Tampa recorded year-over-year gains of more than 30%, while other popular Sun Belt metros like Las Vegas and Dallas saw a 25% surge in home prices.

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Pro Builder

MARCH 30, 2022

After nearly two years of relentless gains, home-price growth gradually decelerated in the fall of 2021, but constrained inventory and uninhibited demand led to sharp price increases at the start of 2022.

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Pro Builder

MARCH 23, 2022

Miami was the top destination for migrating homebuyers in January and February, followed by equally sunny metros like Phoenix, Tampa, FL, Sacramento, CA and Las Vegas, Redfin reports. With out-of-towners driving up home prices in Phoenix, a lot of local first-time buyers have bowed out of the market,” [Heather] Mahmood-Corley said.

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Pro Builder

APRIL 3, 2023

Second, inventory in March was 49.5% and 16.3%, respectively, from their peak. But as the housing market moves into a typically busy spring season, that correction is losing steam. Why is the home price correction—which was already absent in some Northeast and Midwest markets—losing steam? below levels hit in March 2019.

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Pro Builder

APRIL 3, 2023

Second, inventory in March was 49.5% and 16.3%, respectively, from their peak, but as the housing market moves into a typically busy spring season, that correction is losing steam. Why is the home price correction—which was already absent in some Northeast and Midwest markets—losing steam? below levels hit in March 2019.

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Housing Phoenix Seattle Inventory 52

Pro Builder

AUGUST 20, 2021

There’s rebalancing in the for-sale market as well with inventory increasing for the third consecutive month and home value growth slowing in many of the largest markets. Inventory Rebound Continues. For-sale inventory, while still down 27.6% If there had been no pandemic, Zillow predicted rents would be 2.9% higher in Tampa.

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San Jose San Francisco Inventory Las Vegas 52

Pro Builder

MARCH 28, 2023

buyers in pandemic boomtowns are navigating low inventory, elevated home prices, and inflated borrowing costs, but tech layoffs and falling stocks are adding an additional obstacle. In Phoenix, 70% of for-sale homes had a price drop in February, compared with 21% a year earlier—the second-biggest uptick in the U.S.

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Pro Builder

NOVEMBER 9, 2021

According to her assessment, housing prices could drop in some markets, leaving home builders with unsold inventory. iBuyers like Zillow and Opendoor use algorithm-driven purchases to quickly buy homes, although Zillow’s flawed methodology led it to overpay in Phoenix by as much as $65,000. is actually on the verge of overbuilding.

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Pro Builder

MAY 17, 2022

of homes in the United States were worth $1 million or more, but thanks to record low inventory and fast-rising prices throughout the COVID-19 pandemic, that share is now up to 8.2%, says The New York Times. The majority of housing markets lack starter homes under $150,000, and some pricey metros have none available at all.

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Pro Builder

JULY 26, 2021

Almost two-thirds of June listings resulted in bidding wars, and buyers continue to sweeten their offers by offering vacations and even crypto, but inventory remains low. Hale said, the late summer is a good time to buy, particularly in mid-September, with inventory often dropping around the winter holidays. Historically, Ms.

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Housing Inventory San Jose New York City 52

Pro Builder

NOVEMBER 23, 2020

While some markets such as Phoenix, Tampa, and Riverside-San Bernardino are seeing the most demand, land demand remains strong across the country. Builders that start many speculative homes are selling the most homes, and non-spec builders are raising prices because they do not have inventory. Read More. . Planning + Development.

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Inventory Tampa Phoenix Metro 52

Pro Builder

JULY 28, 2021

Every metro tracked in the 20-city composite recorded price increases while Phoenix, San Diego, and Seattle posted the highest annual gains of the 20 cities. Phoenix home prices were 25.9% The inventory of homes for sale has finally started to increase, albeit slowly. The S&P Case-Shiller 10-city composite increased 16.4%

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San Diego Cleveland Seattle Phoenix 52

Pro Builder

MARCH 12, 2022

year-over-year in January, and cities like Miami, Orlando, and Phoenix are seeing the brunt of the nation’s growth with price increases of 38.6%, 19.9%, and 18.9%, respectively. and more gains are still to come as unsuccessful homebuyers seek out a slight boost in build-for-rent inventory in the rental market.

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Miami Phoenix Inventory Housing 52

Pro Builder

MAY 31, 2022

As waning inventory and surging demand put pressure on overvalued housing markets, prices will continue to fall over the coming year, Fortune reports. Zandi says the extremely "overvalued" housing markets like Boise and Phoenix are at the highest risk of falling home prices over the coming year.

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Pro Builder

OCTOBER 20, 2021

Miami led the way with a 21% gain, followed by Phoenix at 19% and Las Vegas at 15%. The ongoing preference toward more living space — and slim for-sale inventory — is forcing would-be buyers back into renting, putting significant strain on the single-family rental market.”.

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Las Vegas Miami Phoenix Inventory 52

Pro Builder

JUNE 30, 2021

CNBC reports that the cities with the highest year-over-year price increases were Phoenix, San Diego, and Seattle, all of which posted more than 20% price advances. The inventory of homes for sale rose slightly in May compared with April, but was still 21% lower than May 2020, according to the National Association of Realtors.

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San Diego North Carolina Seattle Cleveland 81

Pro Builder

NOVEMBER 16, 2022

Builders in primary markets such as Dallas, Atlanta, Phoenix, Charlotte, N.C., For example, a high-margin builder with just one to two years of land inventory may be worth less than a builder with average margins and six to seven years of supply. Inventory and Pipeline. and Orlando, Fla., will draw the most bidders.

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Pro Builder

APRIL 1, 2021

Boise, Phoenix, and Spokane experienced the fastest annual growth for affordable homes. Among a wider pool of the nation’s 100 largest markets, bottom-third home values grew the fastest year-over-year in February in Boise (27.2%), Phoenix (19.4%) & Spokane (18.4%).

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Pro Builder

OCTOBER 18, 2022

Just how drastic those changes are depends on housing inventory and the trajectory of mortgage rates, Realtor.com reports.

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Housing San Diego Idaho Phoenix 52

Pro Builder

OCTOBER 24, 2022

We’re already seeing home values fall in some markets, from pandemic boomtowns like Austin and Phoenix to well-known expensive ones in the San Francisco Bay Area. Still, even with price drops, don’t expect a surge of inventory as people sit on their ultra-low mortgage rates that they will likely not enjoy again in the near future.

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San Francisco Nashville Phoenix Austin 40

Carol Hagen

JULY 8, 2010

Recently representatives of Mortenson spoke at a NAWIC Greater Phoenix Chapter meeting and discussed renewable energy (showcasing a wind farm project in Hawaii) and how lean construction practices have improved productivity and their bottom line. Lean Construction has been a hot topic for the past few years and is still gaining momentum.

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Equipment Construction CFMA Inventory 120

Pro Builder

JULY 30, 2021

Homebuying Activity Returns as Inventory Increases. An uptick in homebuying activity in June after months of decline shows slowed buying activity resulted from low inventory, says the National Association of Realtors (NAR). June housing inventory was up 3.3% Phoenix issued the third highest number of permits at just over 36,000.

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Pro Builder

JANUARY 27, 2021

There are three metros that outpaced the national and 20-city averages: Phoenix, Seattle, and San Diego. Phoenix home prices increased by 13.8% Phoenix experienced the largest price increase for the 18th consecutive month with a 13.8% Looking at the nation as a whole, home prices were 9.5% compared to November 2019.

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Metro San Diego Phoenix Seattle 52

Pro Builder

DECEMBER 21, 2021

Limited inventory is causing yet another increase in home prices at the end of 2021. The largest price increases were in Austin, Texas (+31%), Phoenix (+27%) and North Port, Florida (+27%). November Homes for Sale Reach Record Low. Tue, 12/21/2021 - 09:56. Single-Family Homes. New-Home Sales. Construction. New-Home Sales.

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New Jersey Baltimore Connecticut Phoenix 59

Pro Builder

JANUARY 20, 2022

Richard Whiteley: Home builders and land developers have been highly focused on restocking their land inventory since it became evident housing would be one of the unexpected beneficiaries—at least in the near term—of the pandemic. PRO BUILDER: Where and how are home builders and land developers finding buildable lots?

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Los Angeles Austin San Francisco Deals 98

Pro Builder

DECEMBER 15, 2021

Builders that are laser-focused on one or two master planned communities already in the works, he says, typically neglect backfilling their land inventory fast enough. Even during the [2006-07] downturn,” Gamvroulas says, “we were bringing out product we knew would sell.”. That’s because Clark Ivory saw the downturn coming.

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Innovation Utah Housing Products 122

Buisness Facilities Contributed Content

APRIL 15, 2014

Inventory is exempt from property tax. Naval Air Facility in Goodyear, now known as Phoenix/Goodyear Airport, was designated as an MRZ. Bond proceeds cannot be used for working capital or inventory. No personal property or inventory taxes. In December 2002, the former U.S. See www.doleta.gov/business/incentives/opptax/.

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Income Finance Zoning Employment 108

Pro Builder

MARCH 16, 2023

Diamond Age | Phoenix, Arizona Diamond Age’s mission is to get first-time homebuyers into their first home faster, using 3D printing and advanced industrial-scale robotics—AKA—building robots bigger than houses to build houses.

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