subject: In 2009 Fulton Homes Began To Pave the Way for A Rise in New Home Sales [print this page] In 2009 Fulton Homes Began To Pave the Way for A Rise in New Home Sales
As the gradual growth of Phoenix-area home sales continues to sluggishly move forward, Phoenix homebuilders are forging ahead hoping for a fully restored market. According to a recent RL Brown Housing Report, new house permits in June 2009 reached their highest levels in over six months, and that the trend isn't showing any sign of slowing down in the immediate future.
Those trends couldn't be more apparent than on a Sunday afternoon at Fulton Homes' Ironwood Crossing new home community located in the East Valley city of Queen Creek, Arizona. At this development the parking lot to the sales office was packed with potential homebuyers wanting to browse through the different model homes. At this particular site, sales representatives struggled to keep up with a level of activity they hadn't witnessed for several years, since December 2005.
"The resurged interest in new builds comes as no surprise. People are realizing that foreclosures are oftentimes poor investments, and having a home with a warranty is going to benefit them in the long run," said Douglas Fulton. CEO of Fulton Homes.
There has been talk that big investors and speculators are back, looking to scoop-up distressed homes and they are having a hard time locating the homes they want. With a new home, you simply just bring in a cashier's check and you're ready to purchase a move-in ready home that comes with a two-year warranty plus Energy Star qualified appliances, that will save the homeowner even more money on heating and cooling expenses.
In 2009, Fulton Homes sold an estimated 266 homes during a 12-week period, that's an average of 22 homes each week with 33 homes sold in the latter two-week period. Fulton Home's ability to continue selling homes is just a microcosm of the activity stirring nationwide, as evident by recent National Association of Realtors reports.
