Accounting for nearly two thirds of new home construction in northwest Pima County, the Tangerine Road corridor has recently become the “place to be” for homebuilders. Not only will the area dominate Tucson’s residential market this year, but it will also attract even more investors and homebuilders in the next years.
The first month of 2013 saw the issuing of 189 single-family permits in the region, according to Inside Tucson Business. Meritage Homes, Pulte Homes and Lennar have already opened six communities in the Tucson submarket, while the latter also pulled 31 permits to build new homes in the area in January. D.R. Horton Homes will be joining the list of active homebuilders in the Tangerine corridor, with 35 permits pulled.
Meritage Homes is one of the most active builders in the far northwest side, with three new communities opened, as reported by the Arizona Daily Star. One of its communities, called Tangerine North, features energy-efficient homes, ranging from 1,967 to 3,561 square feet. Prices for these residential properties range from $242,900 to $311,900, according to the builder’s website.
Another company building in the area is Pulte Homes, which has recently purchased 170 lots in Dove Mountain in order to build a housing community. Depending on the demand for housing units in future years, the homebuilder plans to purchase even more land, 650 lots more exactly, and to develop the community in phases. Their home prices range from $169,990 to $216,990.
Photo rendering of a home plan in Tangerine North, courtesy of Meritage Homes
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