Tampa Real Estate Market Pursued by Arizona Home Builder Meritage Homes

Published by nora | Filed under Buyer / Seller Tips, Real Estate

Arizona homebuilder Meritage Homes not only cited the strength of the Tampa real estate market; it also acted to take advantage of it. In the first week of December 2011, it announced it will build energy-efficient homes in the Tampa area in the first months of 2012. This decision means that Meritage believes there are a lot of homebuyers looking for homes in Tampa and surrounding areas, and not simply homes, but green homes.

As mentioned in various news reports, Meritage Homes chief executive Steve Hilton described the Tampa area as a place of opportunity for its resources and for its managers in the Southeast. He said, “The Tampa area is one of the most attractive homebuilding markets in the southeastern United States, with the second-largest economy in Florida and strong job growth expected.”

Meritage executives highlighted the large employment base in Tampa and the city’s strong industries, such as retail, medical, energy and technology. The decreasing number of Tampa real estate listings and relatively low supply of existing homes for sale are also among the factors for the company’s expansion into the area.

The decline in listings was also among the positive items in the 2011 monthly reports released by the Greater Tampa Association of Realtors. From 16,644 homes for sale in November 2010 to 9,779 units in November 2011, the over-the-year drop was a sharp 41.25 percent. In November 2008, the inventory was 20,650, posting a substantial drop of 52.64 percent over the three-year period.

According to its investor webpage, Meritage Homes is among the top ten homebuilders in the U.S. based on homes sold and has built over 70,000 homes in 149 communities across the country. It builds homes for various buyers, including move-up, first-time, active adult and luxury. It’s also known for its green homes, having been the first large national builder to become 100-percent Energy Star-qualified in every housing unit built since January 2010.

It’s not only Meritage pursuing the robust Tampa real estate market; community builder NVR has also announced its acquisition of land where to build Ryan Properties homes in St. Petersburg, which is part of the Tampa-St. Petersburg-Clearwater metropolitan area.

These home builders will join many other local and national builders who have been building dream homes in the Tampa area. Lennard, Centex, M/I, Ryland, Pulte, GL, David Weekly, KB, Southern Crafted, and more – they’re all here. Contact Tampa4U.com for assistance in finding your dream home.