Valley’s residential sector sees homebuilding momentum
AZ Business Magazine
Homebuilding nationwide is accelerating. In a recent article featured on CNBC.com, the stats were quite striking. Housing starts are at a one year high, which has been boosted by a sharp increase in single family home construction. That increase has resulted in building permits reaching an eye-popping 11-year high. Fulton Homes has seen their sales pick up in the first quarter of 2018, which matches the national trends.
According to Phoenix-based Belfiore Real Estate Consulting, homebuilders like Fulton should prepare to have a rush of demand throughout 2018. In his latest report, new build home buying was up by 13% over last year in the first 45 days of the year. During that time Fulton Homes saw an uptick in their sales compared to a year prior as well. Their sales have been healthy in east valley communities of Cooley Station, Queen Creek Station and Ironwood Crossing.
