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Monday, February 18, 2013

Homebuilders Look to Buy More Land as Market Thaws

A builder by the name of Lennar Homes is opening more subdivisions as others close out (Lennar is currently involved in about 15 active subdivisions around the valley).

Some statistical insight from the article: "Frustrated by competition from cash investors in the resale market, prospective homebuyers turned to new homes in 2012. Builders sold 5,544 new homes last year, a 42 percent increase from the previous year, Smith reported. New-home permits jumped 58 percent to 5,908."

Photography: JASON BEAN

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