By Catherine Reagor, The Republic | azcentral.com
Homebuilding in metro Phoenix ticked up slightly in April, but it’s not likely a sign of a long-anticipated market rebound because new-home sales fell.
Last month, 1,087 permits to build new houses were issued in the Valley, compared with 996 in March, according to analyst firm RL Brown Reports.
New-home sales dipped to 730 in April from 856 in March.
The median price of a new house inched up $200 in April from March to reach $291,402.