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2013 ULI Trends Day Arizona Recap – Part 6 – Land Panel

Following the keynote speaker was the Land Panel. Key characters from this group were: Ed Hanley, William Lyon Homes; Ryan Huffman, Mattamy Homes, Michael llesCremiuex, Meritage Homes; David Viger, Richmond American Homes; moderated by Nate Nathan, Nathan & Assocates.

I did not have a lot of notes from this panel because of the focus being on residential new home construction.

Here are a few of the bullet points:

  • There is a focus by the builders on the “tri-city” area: Mesa, Chandler, & Gilbert in the SE Valely.
  • The “Recovered” Home buyer is coming back to the market. It has now been 3 years since the foreclosure or short sale. FHA is lending to them.
  • Biggest challenge facing the homebuilder today is trades and affordability. Labor costs have risen significantly because of a lack of qualified labor to build homes
  • The prediction for new home permits ranged from 16K to 20K. This is still well below the average of 35K new home permits.

If you are there, what did you takeaway?