National Builders See Uptick in Contracts

Several of the nations largest homebuilders, including D.R. Horton & Lennar recently have publicly stated an increase in sales orders of new construction homes nationally. Largely fueled by the improving affordability of homes in contrast to renting, this spurred D.R. Horton to beat Wall Street estimates of its profits for the 1st quarter. Homebuilder sentiment across the board has been improving with most being cautiously optimistic about an impending gradual improvement. Locally the lack of finished lots in the inventory for homebuilders should cause builders to begin buying up the remaining land inventory in anticipation of the rebound. Driven by sales volume, many of these national builders will still see relatively slim profit margins, but will bank on improving demand.

Stephen Woodall

REALTOR, GRI @ Long Realty Company

Stephen has made real estate his full-time career and passion since 2008, primarily specializing in the Foothills & the Northwest Tucson areas of Oro Valley and Marana. He is a multi-million dollar producer, representing both sellers & buyers. Stephen has tremendous experience in new home sales, listing & selling primary residences, listing & selling vacant land, listing & selling luxury homes, investment properties, rentals, and real estate development parcels.