1st Issue of
September 2006
Current New Homes Market
6-Month Spec Count
What we count as specs are the
individual properties that each subdivision chooses to report to us to be
included in our system for ARMLS affiliates. The degree of completion
will vary from builder to builder and from one subdivision to another. We believe our count is on the conservative
side, as some subdivisions do not report all of their specs to us.
The spec inventory count is now at 4,894 units, 2,089 more than only six
months ago. The market has more than
doubled the previous record of 2,400 (prior to January 2006) by 2,494.
6-Month Subdivision
Count
The subdivision count data
we report comes from the Ultimate
New Homes (UNH) database, which covers the entire
The UNH database covers both
single family detached and attached homes. Subdivisions and
developments are included in the UNH database when they:
This database is quite
comprehensive relative to tract construction of single family detached homes.
In addition to new attached homes a few selected condo conversions are included
within the UNH system.
Now at 965, there are 210 more subdivisions than six
months ago. Four
months ago the subdivision count exceeded the previous record of 813 set
in May 2003. The number of active new
home communities continues to climb steadily.
New Home Market
Statistics Chart
The following chart shows historical
activity for the last six months in the greater Phoenix Metropolitan area per
the Ultimate New Homes Database:
*The data above reflects numbers from every other week in the past six
months.
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