By Kristena Hansen | Phoenix Business Journal
The new home market’s performance across metro Phoenix continued to disappoint homebuilders during the first two months of the year. The number of new-home permits issued in January and February combined were 1,490. That’s down 22 percent year-over-year, according to a new report today by RL Brown Reports.
New home closings for the same two-month period were almost equally as disappointing, with a 20.2 percent drop from a year ago.