The Scottsdale builder said it will pause on new land buys but won't turn away a good deal if it comes along. phoenix
"As we wind down the year, we'll have invested $160 million in land acquisitions," he said, representing about 2,800 lots in various stages of development.
These land holdings give Schoenberg time to pause on future land buys as the housing market continues to cool amid a lack of consumer confidence. "We're in a very good place with land holdings," he said."We have time to see what's going to happen in this market. We're positioned well in Maricopa County. We like our core land holdings.""If something comes our way, we will be an opportunistic buyer," Schoenberg said."We will be very picky and choosy where we go."
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