Gilbert expects economic growth despite housing slowdown

Screen Shot 2015-01-07 at 7.55.45 AMBy Eric Mungenast | East Valley Tribune

The number of new homes in Gilbert might slow down by the end of 2015, but officials from the town, chamber and school districts anticipate an uptick in business and a few technology changes for the education vector.

Gilbert Town Manager Patrick Banger said the town anticipates a slight decrease in residential construction by the end of 2015, with the town’s population building up to approximately 240,000. That’s 90,000 people fewer than the expected maximum population, although 10,000 more than the 2014 estimated population.

A slower growth this year won’t hurt a probable influx in funding from the state via a special census to take place in 2015. The census, which Banger said will account for population growth since the last census, will add some padding to the town’s general fund for the foreseeable future.


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