As buyers battle for homes for sale, some are turning to another source – homebuilders.
Western New York’s new home construction market has grown after lackluster activity during the recession. From patio homes and townhouses to fill-in single-family homes and entire neighborhoods, they’re putting up new inventory in some of the region’s most popular communities.
While the market is dominated by several major players, there is an array of custom and specialized builders, especially in luxury homes.
Marrano/Marc Equity
Leading the charge is Marrano/Marc Equity, the region’s No. 1 homebuilder in dollar volume, which completed 150 homes last year in Western New York valued at over $50 million. Its highest-priced home sale in 2016 was a custom house in East Aurora priced at $2.5 million, said John Manns, executive vice president of sales and marketing.
The 60-year-old company builds a variety of homes, including custom patio homes, single-family homes and townhomes.
By Jonathan Epstein, Buffalo News Business Reporter (Jan. 29, 2017)