Given the rather minor variation between the lots in phases 5 and 6 (or with 7 and 8 for that matter), why would the builder lower the prices only to raise them later? Does that make sense? They want to lower the price to move inventory. Once they clear out the phase 5 homes, phases 6-8 are still waiting for them. To me, it doesn’t make sense to move the price up again, because that will simply continue to stall the liquidation of the remaining inventory.
My thinking is that they need to unload in a progressive, scheduled manner. They are carrying the costs of holding each unbuilt lot, and the longer they wait it appears the more money they lose. There is nothing special about phase 6 compared to 5 (although each lot appears even MORE cramped), so a higher price on phase 6 will disrupt their ideal release schedule and cost them more dime.
I think they’re going to continue to cut, and at the least, hold where they are.
