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September 28, 2007

Builders throw in freebies to reduce home inventories

Free trips, cash prizes, plasma TV giveaways – you don't have to go on a game show to get these kinds of goodies. Just buy a new house.

Homebuilders are offering everything from price discounts to upgraded kitchen sinks to spur sales.Builders who advertise these sales incentives are hoping to unload thousands of vacant new homes. Sales of new homes in the Dallas-Fort Worth area were down 17 percent over last year as of June 30.

While the freebies cut into profit, they do attract buyers.
Don and Sheri Lundberg – who are moving from Arizona – bought their new house in McKinney after Centex Homes threw in thousands of dollars in outdoor landscaping and construction. Story....