Homebuilder sees sales triple in February

Idaho homebuilder CBH Homes sold more than three times as many homes in February 2010 as it did in February 2009.

After two busy weekends with 35 and 34 homes were sold, respectively, this year’s February total hit 134, up from 43 in 2009 and 53 in 2008.

“The spring selling season has begun, traffic is up and we have started seeing buyers who were originally looking at foreclosures and shot sales come to us realizing they don’t have to settle or go through that long and painfull process to get what they want,” CBH Vice President Ronda Conger said in a release. “And the tax credit makes buying or building new homes that are already priced at record low levels that much more affordable.”

The homebuilder, Idaho’s largest, has been offering cash incentives in addition to the federal government’s $8,000 tax credit for first-time homebuyers.

The tax credit is set to expire in June 2010, though contracts must be signed by the end of April.

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