April 24, 2024 3:38 pm
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Permits rise in March, but homebuilding still slow

New-home permitsBy Catherine Reagor, The Republic | azcentral.com

New-home permits ticked up slightly in March compared with February, but permits were down compared with March 2013. The long-awaited recovery for new home construction in the Valley has yet to happen.

Last month, 996 permits for new single-family Valley houses were issued, 98 more than in February, according to the latest issue of RL Brown Reports. In March 2013, builders took out 1,258 new-home permits in the Phoenix area.

New-home sales also climbed to 856 in March from 724 in February. The median price of a new house climbed as well, to $291,205 from $287,504.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.