Phoenix new home building climbs again in July

Will buyers opt for communities farther out again?

Buyers growing demand for new homes in metro Phoenix continued in July, but home building could slow during the next few months if builders run out of lots in the most popular developments.

New home permits climbed to 1,303 in July, their second highest monthly level this year, according to RL Brown and Greg Burger’s Phoenix Housing Market Letter. Monthly tallies of residential building permits have been above 1,000 for the past five months in the region. A year ago, home building activity was half that pace each month.

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August 25, 2012

Housing

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Phoenix new home building climbs again in July

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