New Homes in Phoenix Builder Construction Upbeat

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Phoenix Builders Upbeat
about New Home Sales in AZ

New Homes in Phoenix New Construction Home For Sale Living in Phoenix

New Homes in Phoenix New Construction Home For Sale Living in Phoenix

New home builders in Phoenix are feeling more confident about new construction home sales, new sales expectations for the next six months, and prospective new homes buyer traffic, according to the latest reading on the National Association of Home Builders Housing Market Index.

The Home Builders Housing Market Index — which gauges Phoenix builders’ sentiment on those three indicators — rose three points last report. It takes a this support on the index to indicate that more Phoenix builders view conditions as good rather than poor.

All three indicators posed gains last measurement, with expectations for future Phoenix new home sales reaching even higher on the index — the highest level since 2007, NAHB reports.

“Builders are noting an increased sense of urgency among potential buyers as a result of thinning inventories of homes for sale, continuing affordable mortgage rates, and strengthening local economies,” stated NAHB Chairman. “This is definitely an encouraging sign even amidst rising challenges with regard to the cost and availability of building materials, lots, and labor.”

The Phoenix home seller sector continues to battle against low inventories. It will take time for Phoenix builders to “re-establish themselves following cutbacks,” says NAHB Chief Economist. “Builders’ view of current sales conditions have improved and expectations for the future remain quite strong as consumers head back to the market in force.”

Please contact us and we can provide you with a comprehensive list of good Phoenix new home opportunities and guide you through the new homes process in AZ. We look forward to hearing from you and working with you soon!

Our best,
Bruno Arapovic and Carl Pepper, Realtor
Phoenix: (480) 382-9191

Featured MLS Listing: 10161 Thunderbird Boulevard Sun City, AZ 85351

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