Arizona’s multi-year wave of new apartment construction has crested

construction
construction
New apartment complex /Sierra Vista:CMR Construction

By Mike Sunnucks | Phoenix Business Journal

There were 8,568 construction permits for new multifamily construction projects taken out in May, according to the most recent data from the state’s Joint Legislative Budget Council.

That is down 2.9 percent from May 2014, according JLBC which tracks economic and fiscal indicators.

Continued:

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