Tax Deal Lifts Home Sales but Price Pressures Loom
Thursday, April 22, 2010
New York, NY – The Wall Street Journal is reporting that tax credits spurred a large jump in home sales last month, as first-time buyers took advantage
of low prices and low interest rates.
Within this article, Newland's CEO Bob McLeod is quoted saying that Newland Communities sold 761 homes in its communities in this year's first quarter, up 28% from a year earlier.
Mr. McLeod said that Austin, Houston and San Diego were among the stronger markets for the company. He thinks recovering consumer confidence is helping sales. "It's all about job growth," he said.
To read the entire Wall Street Journal article, go here.
- Nexton Wins Six Awards at the Charleston Home Builders Association 29th Annual Prism Gala
- Introducing San Diego County’s First Carbon Neutral Community
- Momentous Milestone Reached by Estrella by Newland Communities, 5,000th Home Closes in Master-Planned Community
- Newland Sierra
- Newland Communities
- Briar Chapel
- FishHawk Ranch
- Wendell Falls
- Developer of the Year
- Builder Magazine
- Canyon Falls
- Cinco Ranch
- Eagle Springs
- Embrey Mill
- Rancho Sienna
- Bob McLeod
- Sterling on the Lake