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Single Family Build-For-Rent Homes Reach All-Time High

Pro Builder

Phoenix, Ariz., For example, Phoenix leads this list as well with 6,000 of its BFR units being built in the last five years. Dallas comes behind Phoenix again, doubling its BFR homes stock (currently, 7,843 units) from 2017 (3,888 units). Jacksonville, Fla., In fact, the size of BFR homes has also been increasing.

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Despite a Cooler Market at the Start of 2023, Rents Are Still Rising in These U.S. Metros

Pro Builder

While metros such as Salt Lake City, Jacksonville, Fla., While metros such as Salt Lake City, Jacksonville, Fla., On a year-over-year basis, rents are down 1.0% in Las Vegas, and barely up at all in Phoenix (1.1%), Sacramento (2.1%), Baltimore (2.6%), and New Orleans (2.8%). Typical asking rents are at $1,970 nationwide, 6.9%

Metro 90
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What Kinds of Deals Can Homebuyers Expect on Black Friday?

Pro Builder

Shoppers in Phoenix are going to see smaller reductions, where the typical price cut was 2.3% – but now that prices have risen roughly 43% from 2019, that 2.3% Close behind are Jacksonville and Denver with a typical price cut of 2.4%. Pittsburgh and Cleveland were close behind with a typical price cut of 4.2% respectively.

Deals 98
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Mayo plans $792M of projects in Florida, Arizona

Construction Dive

Mayo Clinic has not yet announced the construction firm that will build the $144 million Jacksonville complex, but will soon issue a request for architect and contractor proposals for the $648 million Phoenix expansion.

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Renting Is Still Cheaper Than Buying in Most Metros, but the Affordability Gap Is Shrinking

Pro Builder

Phoenix, and Jacksonville, Fla., In metro areas with the priciest homes like San Jose, Calif., New York, and San Francisco, homeowners pay up to $1,262 more per month than renters, while the smallest gaps are in markets like Orlando, Fla., averaging just $252.

Metro 52
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Metropolitan Migration Patterns Show Some Cities Growing at the Expense of Others

Pro Builder

Census Bureau shows that metropolitan migration patterns feed cities like Phoenix, Arizona and Riverside, California with more people moving away from powerhouse metros like Houston, Miami, and Los Angeles. . Phoenix came out on top with an average net population gain of nearly 50,000 a year, with the largest group arriving from Los Angeles.

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Rental Market Recovers Faster Than Predicted

Pro Builder

Rents in nine of the nation’s 50 largest metros — Tampa, Riverside, Las Vegas, Jacksonville, Memphis, Phoenix, Virginia Beach, Atlanta and Miami — are more than 10% higher than their projected rent levels for July based on pre-pandemic trends, topping out at 15.6% higher in Tampa.