Rising Rents, Lower Credit Scores in Phoenix — What’s Next?

By Angela Gonzales | Phoenix Business Journal While year-over-year apartment rents continue to rise in metro Phoenix, the credit scores of renters are dropping. Renters in Phoenix have an average credit score of 613 in 2020, down from 619 in 2019 and 617 in 2018, according to a new study from RentCafé. Looking at the …

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Scottsdale Homebuilder Poised to Open 150 New Communities in U.S.

By Angela Gonzales | Phoenix Business Journal Taylor Morrison Home Corp. is on track to open 150 new communities in its markets nationwide, including in metro Phoenix. “We have a good appetite for new land,” Sheryl Palmer, chairman, president and CEO of the Scottsdale-based homebuilder, told analysts during a fourth quarter earnings call on Feb. …

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Scottsdale Homebuilder Ramps Up Land Acquisition Pace

By Angela Gonzales | Phoenix Business Journal In an effort to keep up with homebuyer demand, Scottsdale-based Taylor Morrison Home Corp. is gobbling up even more land across the nation — and the Valley. Sheryl Palmer, president and CEO of the Scottsdale-based homebuilder, told analysts in a third quarter earnings call (on Oct. 28 that) …

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Scottsdale Builder Reports Record June Sales

By Angela Gonzales | Phoenix Business Journal Taylor Morrison Home Corp. has reported the best month in the Scottsdale homebuilder’s history, despite the COVID-19 pandemic. The company finished June 2020 with a 94% increase in net sales orders year over year for a total of 1,715 and a monthly all-time high pace of 4.3 average …

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Coronavirus Creates Homebuyers’ Opportunity

By Angela Gonzales | Phoenix Business Journal The coronavirus pandemic is causing some homebuilders to close their sales offices in the Valley at a time when low mortgage interest rates are creating a window for homebuyers. Given the current COVID-19 pandemic, Scottsdale-based Taylor Morrison Home Corp. has closed its sales offices, but will conduct business …

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