In another sign that the local housing market is improving, homebuilders are scrambling to snap up vacant lots.
Just 18 months ago, developers were trying to dump lots in a feverish attempt to cope with the worst housing crisis in decades. The last thing they wanted was to get caught with unsold property.
That was then. Today, finished lots -- those with curbs, gutters and other improvements -- are scarce in Fresno and Clovis. Developers have almost depleted their inventories and are sniffing around for more.
They also are dusting off stalled subdivision applications and submitting them to planners in Clovis and Fresno.
Despite sluggish sales, builders are seeing early signs of a recovery: Prices are stabilizing, and the supply of homes for sale is shrinking. Developers are starting to look toward the future.
Read the complete story at fresnobee.com
Just 18 months ago, developers were trying to dump lots in a feverish attempt to cope with the worst housing crisis in decades. The last thing they wanted was to get caught with unsold property.
That was then. Today, finished lots — those with curbs, gutters and other improvements — are scarce in Fresno and Clovis. Developers have almost depleted their inventories and are sniffing around for more.
They also are dusting off stalled subdivision applications and submitting them to planners in Clovis and Fresno.
Despite sluggish sales, builders are seeing early signs of a recovery: Prices are stabilizing, and the supply of homes for sale is shrinking. Developers are starting to look toward the future.