Australian Home Builder Moving Into Seattle Real Estate Market

As reported by Eric Pryne of the Seattle Times, an Australian home builder is making a big move into the Seattle real estate market. By building 500 homes in the area, it will immediately become one of the largest builders in our market.

New construction starts have been down significantly in recent years, and as the inventories have dropped, significant opportunities have opened up for builders-at least those with the assets to begin building once again.

From the article: One of Australia’s largest homebuilders is jumping into the Seattle market. Henley Properties said Monday it plans to build 500 houses in King, Snohomish and Pierce counties by the end of 2012. That would make it one of the area’s largest builders.This is the firm’s first U.S. venture. “Henley is making a bet the region is poised for recovery,” said Peter Hayes, the company’s managing director.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Full Story from SeattlePI

Click here for gay realtors, mortgage lenders, and other real estate professionals in Seattle.

If you have a gay real estate story that you’d like to share with us, contact us at info@2016.gayrealtynetwork.com

One Comment

ultimatehomes

Perth home builder, Ultimate Homes are an award winning company that prides itself on building dream homes at affordable prices. As a leading Perth home builder, Ultimate Homes continues to build dream homes for hundreds of Western Australians every year.

Leave a Reply

Your email address will not be published. Required fields are marked *