Pro Builder
JUNE 13, 2023
Phoenix, Ariz., leads the market with 5,500 homes under construction in 2023, followed by Dallas (4,400 units), and Houston, Texas (2,600 units). For example, Phoenix leads this list as well with 6,000 of its BFR units being built in the last five years. In fact, the size of BFR homes has also been increasing. Atlanta, Ga.,
Pro Builder
JUNE 20, 2023
from this time last year, and cities such as Austin, Texas, and Phoenix are seeing double-digit declines, but without an increase in housing inventory, experts say home prices will remain elevated throughout the remainder of 2023. Buoyancy in the national average home prices is largely due to record-low inventory levels.
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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
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. New-Construction Projects.
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. Regions in which construction is underway on new luxury developments are likely to see an easing in competition, and therefore price acceleration, in the near future.
Pro Builder
OCTOBER 18, 2022
Just how drastic those changes are depends on housing inventory and the trajectory of mortgage rates, Realtor.com reports. Builders, many of whom stopped construction during the Great Recession, currently can’t scale up fast enough.
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. The land shortages, combined with extended build cycle times, mean many builders are restricting sales to align with lot availability and construction capacity.
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