Net New Home Orders: Soared by 143% to 1,078 in Q4.Backlog: Units rose by 58% to 2,320, with a dollar value increase of 38% to $1.6 billion.Home Sales Revenue: Declined by 17% to $1.2 billion in Q4.Homebuilding Gross Margin: Decreased to 22.9% from 25.0% in the previous year.Diluted Earnings Per Share (EPS): Dropped to $1.36…
‘Tis the season before the season as spring training 2024 is just around the corner. Arizona’s Cactus League is about to be in full swing at the 10 stadiums throughout metro Phoenix that serve as second homes to 15 Major League Baseball teams.Spring training 2024 runs Feb. 22-March 26.In 2023, the annual prelude of America’s…
DenisTangneyJr / iStock.comIt isn’t just retirees who are moving to Arizona these days.The state now draws people of all ages, seeking to escape to a place known for mostly mild winters and abundant sunshine. In its 2023 migration report, Allied Van Lines found that Arizona was No. 2 in popularity for people relocating to a…
GOODYEAR, Arizona — For anybody who might be living under a rock or too preoccupied with dealing with the snow to have heard about it, apparently the biggest story in sports this side of Taylor Swift is about all the ire and outrage over the uniforms delivered to major-league clubhouses this spring for use this…
Mining company South32 has decided to invest $2.16 billion in its Hermosa prospect in the Patagonia Mountains, pouring what it calls the largest private investment in southern Arizona’s history to produce zinc ore by 2027, executives announced on Wednesday.The mine is in the once-abandoned mining district of Harshaw, where previous companies left behind significant deposits…
The following is the opinion and analysis of the writer: Zayna Resley Known for its fabulous weather, panoramic desert landscapes, and vibrant economy, Arizona is growing quickly, and residents aren’t surprised. They are, however, feeling the cost of sharing the wide west with so many new neighbors as housing supply dwindles and prices soar. In…
Valley real estate agent Jorge L. Quijada has teamed up with his brother-in-law to launch a new brokerage called Arizona Proper Real Estate.Quijada had been part owner of Next Generation Real Estate over the past seven years, where he started with 12 agents and grew it to 250.”It was exhausting but fun,” he said.Now he’s…
Homebuilders are busy buying lots and building model homes across metro Phoenix in a sign of increasing optimism in the residential real estate sector.R.L. Brown Housing Reports tracked 1,053 land transactions with 30,617 acres and 14,194 lots purchased in 2023 in Maricopa and Pinal counties. That’s down from 1,442 land transactions over 47,359 acres in…
The Arizona Department of Education is partnering with a nonprofit co-founded by daytime TV celebrity Dr. Mehmet Oz to offer optional health education programming to schools. Arizona is HealthCorps’ only state partner. Oz visited Kenilworth Elementary School in central Phoenix on Monday to announce the partnership alongside retired National Football League players and education officials.“Young people…
Joan Levinson of Realty One Group has a hard deadline to sell a $29 million mansion that just completed construction.She had listed the 15,378-square-foot estate in September for $27.5 million on behalf of her client, a limited partnership led by Andrew Barroway, while the residence has been under construction.Barroway — managing partner of hedge fund…