Buyers are struggling to find homes in today’s market. Sellers have the advantage, and buyers are searching for homes in good neighborhoods with low crime and great schools. This has led to a housing boom in Rio Rancho and the West Side. Sandoval County had a 27 percent increase in housing starts last year, with 1,025 versus 830 the previous year. Sandoval County growth has boomed over the past five years as more communities became available. Bernalillo County saw its market driven by single-family homes on the West Side and recoded a 2 percent increase in housing starts, with 940 of them. Bernalillo County has remained stable over the past five years with minimal change. “New homes sales in Rio Rancho and the West Side are being driven by our cost of living, culture and weather. additionally, the job market is improving with large employers moving here and creating new jobs,” said Becca Jenks, marketing manager for D.R. Horton New Mexico. Lastly, while the housing market in New Mexico has seen price increases over the last two years, home prices here are still significantly less than in other parts of the U.S. Ultimately, there is a lot of growth and possibility in New Mexico and many out-of-state homebuyers have recognized the opportunity.
The market for buyers and renters is tough, but there are new properties and communities sprouting up all over the west metro area. Almost every single-family home is being built west of the Rio Grande, where New Mexico’s largest homebuilders are trying to keep up with the demand of New Mexicans relocating to the area and new residents moving out of high-density cities from across the country. According to Jenks, D.R. Horton has eight active communities on the West Side, with five of those in Rio Rancho. The company expects to close out on two of these communities and focus on their newest community, Los Diamantes.
D.R. Horton and Pulte are selling new homes in Los Diamantes, on Westside Boulevard west of Unser Boulevard. This area has seen sales exceed expectations, especially with the new Joe Harris Elementary in the neighborhood. Jenks said, “We have a number of delightfully friendly neighborhoods filled with affordably priced yet elegant homes for sale in the Rio Rancho, Albuquerque, and Los Lunas areas. Our communities feature traditional and modern new builds designed to suit homebuyers’ lifestyles.” A big challenge for homebuilders is managing the supply chain to ensure homes are built to satisfy increasing demand. “ D.R. Horton has the vendor and trade relationships and expertise necessary to keep up with the demand better than other homebuilders. We continue to supply homes for homebuyers and work with local trade companies to obtain the materials and labor needed to build homes as efficiently as possible,” Jenks said. Home buyers are wanting more out of their homes with energy efficiency, minimal maintenance, and up-to date wiring for safety and for home offices. As the community continues to grow, homebuilders are working to solve the need all over Rio Rancho and the West Side.