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Tri Pointe Homes is aiming for 17% year-over-year growth in home deliveries

Mortgage financing for luxury condos is a dynamic landscape, and experts in the field must unravel the trends and challenges facing developers and purchasers.

Home sales aligned with expectations in October. While sales were cooler than September, the rate of sales was well above levels a year ago, according to the October New Home Market Update report from Zonda.

Mortgage applications for new-home purchases increased 39.7% compared with a year ago, according to the October data from the Mortgage Bankers Association (MBA) Builder Application Survey (BAS). Compared with September, applications increased by 6%.

Sales of new single‐family houses in September were at a seasonally adjusted annual rate of 759,000, according to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 12.3% above the revised August rate of 676,000 and is 33.9% above the September 2022 estimate of 567,000.

Searching for a new home in a growing city such as Phoenix is challenging. There are multiple options, and how will a buyer know which one is right for them?

Why not consider a builder with a trusted reputation, local to the area, and committed to quality construction and energy efficiency?

Livabl is shining the spotlight on Meritage Homes — a builder based in the Phoenix metro with over 35 years of experience.

The seasonally adjusted estimate of new-home inventory for sale remained above 400,000 for the 17th consecutive month.

Single‐family housing starts increased in July, with a posted rate of 983,000. This figure is 6.7% above the revised June figure of 921,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development.

Choosing a reputable homebuilder in Phoenix can be a challenge. A buyer can read reviews, but where’s the information about what makes a builder unique and, more importantly, the right one for their family?

Livabl is shining the spotlight on Richmond American, one of the largest and well-known builders in the country. Richmond American builds in 16 states (as well as Washington D.C.) and has nearly 60 communities in the Phoenix metro, with 217 active listings and 45 floor plans available.

New-home sales remained strong through June despite the persistence of high mortgage rates in the economy, according to Zonda’s New Home Market Update report.

Model homes are dreams constructed of brick, concrete, and wood. They let buyers fantasize in person about a perfect life in the house they’ve always wanted.

Every home buyer wants a reputable homebuilder they can trust. Phoenix is still expanding with one of the hottest markets in the U.S., and the growing demand for quality real estate is monstrous. But how does a buyer find an esteemed company in the area? 

Despite rising rates and prices, new home sales last month are higher than March, April 2022, and April 2019 levels, according to Zonda.

The NAHB/Wells Fargo Housing Market Index values for sales conditions and expectations in April were both at or above 50 for the first time since June 2022.

Find out the latest on the market’s new-home sales rates and pricing.

Take advantage of builder incentives. Look for discounts, financial incentives and upgrade allowances to negotiate the price of your new home