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How Empty Land in the Arizona Desert Gets Turned Into Homes
Odd Lots
What Do You Think About the Real Estate Market?
The growing importance of water in the Arizona market particularly is leading builders to take larger positions where they know that they have water. And so, I think that is driving builders to get away from this just in time mindset. The private builders have taken the lead on this and acquiring larger parcels with maybe four or five, six or seven years of supply. Whereas some of the public builders have been focused on just two or three years of Supply.
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