Arizona construction activity might hit $11.5B this year

WorkeronHouseUnderConstruction*304By Eric Jay Toll for Arizona Builder’s Exchange

Arizona is looking down the road to more than $11.5B in taxable construction sales for the current fiscal year—the best number since 2008. Data for the last four months of 2013 are in, which means that the state has booked half the fiscal year’s transaction privilege tax collections. The numbers so far in 2013-14 are substantial increases over 2011-12 and 2012-13.

Sales were up 10.7 percent in December and 19.7 percent in October over the prior year. Last summer (July through September, fiscal 1st quarter) contractor sales were reportedly up 16.4 percent over 2012-13 and the fall (October through December, fiscal 2nd quarter) was up 13.8 percent.

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Related: State sets tighter fall-protection regulations for construction sites

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