Incentives galore for new US homebuyers

Los Angeles

AS the key spring US homeselling season approaches, buyers are finding deals on new houses as builders focus on boosting revenue.

Dwayne Saunders purchased a house in Eastvale, California, in December, paying US$450,000 after builder D R Horton Inc cut the price by 4.5 per cent, threw in a washer-dryer and covered his closing costs.

This month, the house next door sold for US$404,000.

"It was bigger too," Mr Saunders, an office manager who lives with his family of five, said during an interview in his driveway. "I think D R Horton just wanted to finish this phase and move onto the next one." US builders are trying to increase ear…