If you’re in the market for buying, flipping or selling off an inventory of new homes you might want to take a look at Phoenix and Atlanta, at least according to a recent report from Barclays Capital. Bloomberg interviewed one of the reports authors.
“The reality is that housing is a region-by-region story,” said Vincent Foley. “And most of the big public homebuilders are reasonably positioned to benefit from an upturn because they’re in the right markets.”
Surprised? That’s the adjective Barclay’s analysts used as well. They also said that regions who pushed foreclosures through quicker are on track to recover sooner than others.
There’s a lot of great information in Bloomberg’s article about the Barclays report in Phoenix and Atlanta Will Be Best New-Home Markets in U.S., Barclays Says. It’s definitely worth a read, especially if you’re dying to read some positive news in the U.S. housing market.