U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Texas > Houston
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 01-16-2009, 07:00 AM
 
84 posts, read 303,634 times
Reputation: 27

Advertisements

I see that Taylor Morrison has increased their base prices on their homes last week. How can this be possible in this market? Are they just trying to increase the price and show that they can give discounts?

I have been watching their price since last 6 months and I can't imagine any builder can increase the base price now....
Reply With Quote Quick reply to this message

 
Old 01-16-2009, 07:28 AM
 
6 posts, read 14,901 times
Reputation: 11
I also want to know the answer to this. I've been watching Cinco SW Trendmaker's prices for a while now and noticed all their base prices went up 9K!

Last edited by mchead; 01-16-2009 at 08:08 AM..
Reply With Quote Quick reply to this message
 
Old 01-16-2009, 07:50 AM
 
26 posts, read 81,621 times
Reputation: 12
David Weekley also did this in Bridgeland in December and increased the sticker price on inventory homes in January. It's a shell game.
Reply With Quote Quick reply to this message
 
Old 01-16-2009, 07:56 AM
cla
 
898 posts, read 2,888,982 times
Reputation: 559
Some areas are still selling - maybe not the numbers from a year ago, but still selling enough to be profitable. And with interest rates down to 4.75%, this is a good time to buy. I know if I hadn't just bought a new home 1 1/2 yrs ago, I would be looking to buy now.

And then there is also perception. If you start dropping your prices, it looks like you are struggling, therefore desperate.
Reply With Quote Quick reply to this message
 
Old 01-16-2009, 08:15 AM
 
Location: Katy, TX
1,288 posts, read 4,395,206 times
Reputation: 626
I know several people in Cinco that have recently decided to upgrade because of the low interest rates, and I know houses in Cinco SW are still going up at a pretty good clip.
Reply With Quote Quick reply to this message
 
Old 01-16-2009, 08:19 AM
 
Location: San Antonio-Westover Hills
6,878 posts, read 17,822,939 times
Reputation: 5139
"Supply and demand", I think, is what that economic principle is called.
Reply With Quote Quick reply to this message
 
Old 01-16-2009, 08:19 AM
 
166 posts, read 804,109 times
Reputation: 118
When they increase the base price of a home it only effects the buyer that wants a dirt sale (meaning they want to pick the lot, the floor plan and all the options from the beginning). The homes that are already built in inventory aren't affected. Seeing that taylormorrison has a handful of homes sitting awhile in inventory, I imagine they want to move those first and ASAP. Also raising the base price also gives the illusion that the buyer is getting a better deal when they allow for a "larger" discount.
Reply With Quote Quick reply to this message
 
Old 01-16-2009, 08:40 AM
 
Location: Charleston Sc and Western NC
9,274 posts, read 22,786,095 times
Reputation: 4684
It may also mean they are cutting out the spec building and trying to profit off pre-sales only.
Reply With Quote Quick reply to this message
 
Old 01-16-2009, 08:45 AM
 
200 posts, read 949,785 times
Reputation: 102
or maybe theyre giving used houses a chance to sell. are there any?
Reply With Quote Quick reply to this message
 
Old 01-16-2009, 10:12 AM
 
Location: Houston
1,458 posts, read 4,918,746 times
Reputation: 422
They do this to offer more of a discount when you come to the table to negotiate. The cost of raw materials has gone up and this may be the second reason as to why you have seen an increase.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Texas > Houston
View detailed profiles of:
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top