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As many as 16,000 houses could be built across metro Phoenix this year, according to real-estate analysts RL Brown and Greg Burger.
Last year, 11,615 homes were built or at least started across the area, the most since the start of the real-estate crash five years ago.
The analysts are cautiously optimistic about the next few years. But they don’t project — or particularly want — a return of the boom years in 2005-06, when more than 60,000 homes went up annually.
Office-market update
Job growth is helping fill more space in metro Phoenix’s office market, although vacancies are still high.
At the end of 2012, the vacancy rate for the region’s office market was 23.9 percent, according to the commercial brokerage CBRE. That compares with 25.5 percent at the end of 2011.
Information from The Arizona Republic
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