Tag Archives: Dennis Webb

homes

Experts see a stronger year in Phoenix housing market

The spring weather isn’t the only thing that’s favorable in Arizona.

“The biggest overall trend we see in residential real estate is the market trending upward from relief to optimism,” says Matt Widdows, founder of HomeSmart International. “We are continuing to see an uptake in the market across the board. Housing prices are on the rise and so is the rental market.  We are seeing very early signs of multiple offers, which could possibly be an indication of the return of a seller’s market.”

According to the latest monthly report from the W. P. Carey School of Business at Arizona State University, all signs point to the Phoenix area housing market having having better results in 2015, compared with 2014. Here are the highlights of that report on Maricopa and Pinal counties for January:

The median single-family-home sales price went up 5.6 percent from January 2014 to January 2015 — $197,000 to $208,000.

• The average price per square foot gained 5.1 percent from January 2014 to January 2015.

• Condos and townhomes continue to gain a larger share of the market. Their median price up 11.6 percent – from $121,000 to $135,000

February figures show demand about to boom, with the number of homes under contract dramatically rising.

“January is always a quiet month, but we believe this was a lull before the storm,” explains Mike Orr, director of the Center for Real Estate Theory and Practice at the W. P. Carey School. “We have already seen early signs of much stronger activity from buyers in February and March. Looking at the number of homes going under contract, there was significantly increased demand in the lower and middle price ranges.”

According to the Fannie Mae February 2015 Housing Survey, consumer optimism toward the housing market and the economy has reached a new all-time survey high. Forty-seven percent of respondents said they believe the economy is headed in the right direction. Likewise, the share of respondents who believe it would be easy to get a mortgage today rose to 54 percent, another record survey high.

“Population growth is on the rise and home values, after a few years of steady growth, are now providing homeowners with more flexible equity positions,” according to Doug Reynolds, vice president, loan officer and division manager at Washington Federal Bank. “These improvements, along with long-term rates staying low and financing remaining readily available, should continue to be positive drivers of new construction and increased values.”

Orr notes that listings for non-distressed homes under contract in the Phoenix area were up 26 percent from last year on a typical day in February. Listings from $150,000 to $600,000 were up more than 30 percent. He attributes this largely to lenders starting to relax their tight loan-underwriting guidelines and “boomerang buyers” who went through foreclosure or short sale being able to come back into the market.

“I’m noticing a lot more showings at all of my listings, which is a sign of activity in the market,” says Mike D’Elena, a Realtor with HomeSmart and co-owner of Northgate Group. “Most of the buyers out looking right now are new buyers just beginning their search. I’m also working with a lot of move-up buyers — these are people who have recognized that rates are trending upwards and want to take advantage of current low rates and get a bigger home.”

Experts says supply is an issue when it comes to all types of homes, including affordably priced rentals, which Orr says are at the lowest level he has seen in 14 years. But Tom Davis, vice president at Pioneer Title Agency, says in some areas, pending listings are up as much as 33 percent and this appears to be the trend throughout the Valley. Davis is quick to add that we are still in somewhat of a sellers’ market, with only about a six week inventory of homes on the MLS.

“Supply remains relatively low except at the high end of the market,” Orr says. “At the moment, we are seeing early signs that demand is likely to recover quite a bit faster than supply. It would only take a modest increase in first-time home buyer demand to overwhelm the current weak level of supply, making it tougher to find affordable homes for sale.”

Orr says home builders aren’t enjoying 2015 much yet. In January, newly built single-family homes hit their lowest monthly sales total in three years. However, most experts expect that trend to reverse, too.

“Traffic is running about the same as it has been, but sales are substantially up,” says Dennis Webb, vice president of operations for Fulton Homes. “We are seeing more buyers that have experienced a short sale or foreclosure and now want to move into a new home again. We are also seeing people who have a home to sell being able to move up because the value of their existing home has increased.”

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Fulton Homes earns Energy Star award

Fulton Homes has been recognized by the U.S. Environmental Protection Agency as a 2015 ENERGY STAR “Partner of the Year.” The Tempe-based homebuilder was presented with the New Home Builder Award in front of more than 900 people at a gathering in Washington, D.C. on April 20. Fulton Homes joined 128 other winner from top companies such as General Motors, Merck, Toyota, Boeing and The Home Depot.

Fulton Homes was one of six Homebuilders to win the award in the U.S. and one of two in Arizona. The builder was honored because of its dedication to building energy-saving homes. Last year, Fulton Homes built 381 ENERGY STAR homes, and had built more than 2,500 since 2008. Other energy-savings moves that Fulton Home has instituted include:

• Starting the EPA’s Indoor AirPlus program in all of its homes, providing additional comprehensive health protections for homeowners.

• Added a new Compact Duct Design to reduce tonnage in A/C units, saving buyers thousands of dollars.

• Trained employees on ENERGY STAR programs at its innovate online training portal at the Fulton Homes Learning Center.

• Launched a TV campaign through the Phoenix Suns and other local media to call attention to ENERGY STAR homes.

“Accepting this prestigious national award on behalf of Fulton Homes was an awesome experience,” said Dennis Webb, Fulton Homes’ vice president of operations. “To be recognized alongside some of the top companies in the country like, Pepsi, General Motors, Samsung and Boeing makes it even better. Here is another example where Fulton Homes has separated itself for the rest of the pack.”

“For years Fulton Homes has been dedicated to making the Valley’s best and most energy-efficient homes,” said Fulton Homes CEO Doug Fulton. “By building ENERGY STAR homes, we are helping more U.S. homebuyers purchase homes that offer improved comfort and lower utility bills, while also helping fight climate change. It is an honor to be name as an ENERGY STAR Partner of the Year. “

“Fulton Homes has demonstrated a strong commitment to building energy-efficient homes that save American homeowners energy and money,” said EPA Administrator Gina McCarthy. “Fulton Homes has built a strong foundation for constructing energy-efficient homes, while reducing our nation’s greenhouse gas emissions that fuel climate change.”

Utah Jazz v Phoenix Suns

Fulton Homes gives $74,400 to Suns Charities

Saturday night just before tip-off of the Phoenix Suns-Utah Jazz game, Fulton Homes Vice President Dennis Webb presented a $74,400 check to local Phoenix charities for the season-long “Proud to Own the 3-Point Zone” program.

Throughout the season the Tempe-based homebuilder donated $100 each time a Suns player drained a three-point shot. During this NBA season the Suns were 8th in the league in three-pointers, hitting 744 from the arc. Monies collected will go to support the U.S. Navy League, an organization that serves and supports all sea services of the U.S. Navy, Marine Corps, Coast Guard and Merchant Marines, the Joe Foss Institute and the Central Arizona Mountain Rescue Association (CAMRA).

For 12 years Fulton Homes has partnered with the Suns to give back to a wide variety of charitable organizations. Last year through the 3-Point Zone program Fulton Homes donated $76,500.

“Fulton Homes is happy that the great success the Suns had this season from the three-point line, and how it will benefit the U.S. Navy League, the Joe Foss Institute and CAMRA,” said Fulton Homes CEO Doug Fulton. “Fulton Homes is dedicated to giving back to a community that has given so much to our family throughout the years.”

Gerald Green, P.J. Tucker

Fulton Homes Presents $76,500 to Suns Charities

Monday night just before tip-off of the Phoenix Suns-Memphis Grizzlies game, Fulton Homes Vice President Dennis Webb presented a $76,500 check to Suns Charities for the season-long “Proud to Own the 3-Point Zone” program. Throughout the season the Tempe-based homebuilder paid $100 each time a Suns player drained a three-point shot. Monies collected will go to support the U.S. Navy League, an organization that serves and supports all sea services of the U.S. Navy, Marine Corps, Coast Guard and Merchant Marines, the Joe Foss Institute and the Central Arizona Mountain Rescue Association (CAMRA).

For more than ten years Fulton Homes has partnered with the Suns to give back to a wide variety of charitable organizations. Last year through the 3-Point Zone program Fulton Homes donated $46,000, which was shared with the Youth Assistance Foundation and CAMRA.

“Fulton Homes is happy that the great success the Suns had this season will benefit the U.S. Navy League, the Joe Foss Institute and CAMRA,” said Fulton Homes CEO Doug Fulton. “Fulton Homes is dedicated to giving back to a community that has given so much to our family throughout the years.”

Dennis - Suns Check

Fulton Homes’ 3-Point Zone helps nonprofits

While Monday night was fan appreciation night for the Phoenix Suns, thanks to Fulton Homes the Youth Assistance Foundation and the Central Arizona Mountain Rescue Association (CAMRA) will now divide up $46,000.

It’s all part of the Fulton Homes “Proud to Own the Three-Point Zone” program, a partnership between the Tempe-based homebuilder and the Phoenix Suns.  With each three-point basket made during the season, the Youth Assistance Foundation and CAMRA shared in the $100.  The program began in late October with the opening game tip-off and concluded with a victory Monday night at home against Houston. Fulton Homes Vice President Dennis Webb presented the check to Phoenix Suns officials during the game.

The Youth Assistance Foundation helps to prevent youth violence and promotes positive interactions with law enforcement. CAMRA, along with the Maricopa County Sheriff’s Office Mountain Rescue (MCSO-MR) team, is an all-volunteer and expertly trained technical rescue team dedicated to saving lives through search and rescue operations, wilderness emergency medical services and outdoor safety programs.

“Partnering up with the Phoenix Suns for this program will aid both of the organizations,” Doug Fulton, Fulton Homes CEO, said. “The Youth Assistance Foundation promotes youth health and wellness programs, while CAMRA aids those who find themselves in life and death situations. Fulton Homes is proud to give back to a community where we live and work.”

Fulton Homes reunited this season with the Phoenix Suns to revive the Fulton Homes “Proud to Own the Three-Point Zone” program. In previous seasons, Fulton Homes has donated more than $206,000 over five years to local charities through Phoenix Suns Charities. This year’s partnership included all 80 home and away regular season games broadcast on Fox Sports Net.