Tucson new-home permits on pace to beat forecasts

Arizona Daily Star

Permits for new-home construction in the Tucson area are on pace to meet or beat forecasts, as permits were running 25 percent ahead of 2015 through November, according to a local real-estate market analyst.

November’s showing of 208 permits represented a 55 percent increase from November 2015, said Ginger Kneup of Bright Future Real Estate Research.

Kneup said the November results “may be the strongest indicator yet of a sustained return in the demand for new homes,” given an historic dip in activity for the month because of fewer business days and holiday shopping.

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January 2, 2017

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