Check it out. More good news about the housing market in the Arizona Republic. The biggest point I look at is we built about 8,000 homes this year. My guess, we build 12,000 to 15,000 this year. That means JOBS!
Just my opinion…Jeff Cameron
Housing business picks up in Valley; foreclosures drop
by Catherine Reagor – Dec. 9, 2009 12:00 AM
The Arizona Republic .
Land Advisors’ debut real-estate forecast event last week drew a crowd that packed an Arizona Biltmore resort ballroom. Here are some key data and predictions from the event, “Real Estate: Evolution of an Industry.”
• The final tally for homebuilding permits in the Phoenix area this year will be about 8,800, which is down 85 percent from the peak in 2005.
But the building market is picking back up as the oversupply of speculatively built homes sells.
“Homebuilders are out of their depression,” said Greg Vogel, chief executive of Scottsdale-based Land Advisors. So far this year, 7,200 home lots ready for construction have sold in metropolitan Phoenix. About 42 percent of those lots were bought by homebuilders, and they don’t plan on holding on to them for long.
• Jim Belfiore, president of Belfiore Real Estate, said almost one-fourth of metro Phoenix’s current new-home developments will sell out in the next six months. New-home prices fell about 15 percent in most subdivisions during the past year.
read the rest of the story:
http://www.azcentral.com/arizonarepublic/business/articles/2009/12/08/20091208biz-catherine1209.html
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