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Homebuilders see a resurgence in small19 Jan

This is a good article about how home builders are adjusting to the real estate market that is seeing an influx of new, younger home buyers because of the Home Buyer Tax Credit.  For these new buyers, bigger isn’t always better.

Shea Homes Colorado is rolling out its first new community at Reunion in four years.

The homebuilder is using the Commerce City development as the local launching pad for a smaller, simpler product designed to appeal to younger, more mobile buyers.

“The buyer today is different than a few years ago,” said Chetter Latcham, president of Shea Homes Colorado. “They’ve reprioritized their lives and are scaling down. The day of the McMansion is gone.”

Many builders are responding to shifting preferences — and economic realities — by introducing new designs aimed at first-time homebuyers.

KB Home, for example, has launched a new line of paired homes at Stapleton called The Open Series, priced at $204,995.

Click here to read more….

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