March 19th, 2010 by Michael Oliver

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A New Home In Tangerine Crossing By Richmond American Homes

Northwest Tucson is always in a continual growth state and has been the location for hundreds of new home neighborhoods/ developments for the past 50 years.

However where are new homes being built on Tucson’s northwest (NW) side currently?

Right now on the NW side of Tucson including the areas of Tucson, Marana, Oro Valley and Catalina, there are 19 new home developments/ neighborhoods selling homes ranging in all price ranges and sizes/ amenities. In addition to those 19 developments there are dozens of individual finished spec homes by custom builders throughout the northwest (NW) with those homes generally being in the $500k and up price range.

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March 8th, 2010 by Michael Oliver

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In a step to distance itself from competitors local Tucson home builder TJ Bednar has decided to install solar panels on all of its homes in two different neighborhoods. Homes in both of TJ Bednar’s new home neighborhoods of Vista Montana Estates and Lakeside Ridge will include solar systems that TJ Bednar says will provide all of the energy needed for the home and even be able to produce excess which would then be sold back to TEP.

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December 16th, 2009 by Michael Oliver

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New housing starts a key indicator of the new home industry and the real estate market at large rose last month but not as much as many economist had expected. The Commerce Department said housing starts increased 8.9 percent to a seasonally adjusted annual rate of 574,000 units.

Analysts polled by Reuters had expected housing starts to rise to 580,000 units. However, the percentage increase last month was the largest since May, indicating housing remained on a steady recovery path

October’s housing starts were revised downwards to 527,000

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November 25th, 2009 by Michael Oliver

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New home sales increased last month to a level not seen in over a year as demand in the southern portion of the US increased dramatically. The commerce department stated the new home sales rates increased 6.2% to a seasonally adjusted annual rate of 430,000 homes from an upwardly revised 405,000 pace in September. On a note for those that don’t follow these reports as close as I do a seasonally adjusted annual rate of anything less than 500,000 new homes per year is considered anemic. During the real estate boom new home sale levels reached at high as over 2,000,000 homes per year.  To be at a rate of 430,000 homes shows the high rate of overhang in the existing markets as foreclosures and distress sales pull buyers their direction and away from new homes due to the value most of these homes can be purchased for.

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September 14th, 2009 by Michael Oliver

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Share on Facebook As the national real estate markets improve the homebuilders will logically start to do better as well and should return to profitability. But for homebuyers interested in buying a brand new home specifically in Tucson what builder will get you the most for the money? In my mind this question is a little dependent upon price range. For buyers’ mainly first time buyers and those looking for under $150,000 in Tucson I think KB Home should give you the most for the money. Now KB has a lot of critics and the other builders always knock KB and say “At KB Home EVERYTHING is an option and you are going to blow your budget just to get a “basic” house with KB”. Now this statement is true in theory at KB you basically buy a very basic home and then add on everything that is important to you as the buyer, at that point you have a custom ordered home. The most important part of this is at KB you are not paying for options you don’t want, will never use, or could care less about. Generally speaking with a KB Home you will spend an additional 5%-10% of the base price on optional features. That may seem like a lot but most KB Home communities are at least 10% less expensive than other builders in the same areas so as a buyer you should be further ahead.

So what if you are looking for a new home in Tucson in a higher price range who should you go with to get the maximum value?

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