I have encountered buyers who want newly constructed homes, built within the last year, and are frustrated that they can’t find any that fit their criteria.
According to the AZ Daily Star, Tucson has lost 48% of its construction jobs since 2007. Obviously this decline, means less homes have been constructed in the past few years. Builders, I have spoken to, say they are hesitant to construct new homes, since many existing homes are selling below replacement costs.
On a positive note, The National Association of Home Builders, said its index of industry sentiment for March 2011 rose. That’s the first increase in five months!
Tucson Real Estate Agent, Lisa Bayless, specializes in Tucson Foothills homes and Oro Valley homes.