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Phoenix and Atlanta will be best new-home markets in U.S., Barclays says

Posted on 15 August 2011

Phoenix, where foreclosures have surged and prices plummeted since the U.S. housing bubble burst, and Atlanta are the best potential markets for the sale of newly built homes, Barclays Capital said in a report today.

Atlanta has the potential for 47,317 new houses a year, followed by Phoenix with 46,485 and Dallas with 33,997, Jeff Meli, Vincent Foley, Cedric Morris and Robert Tayon, analysts with Barclays, wrote in the study. Phoenix leads 16 metro areas examined for potential revenue with $4.45 billion in new home sales. It’s followed by Washington with $3.94 billion and San Diego with $3.31 billion……………………………………….Full Article: Source

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