By AZRE
The Greater Phoenix housing market maintained its pace of steady improvement in the last six months of 2016, which encouraged an acceleration in land sales.
Total land activity was nearly identical to 2015 and projections indicate continued momentum throughout this year, according to a report released by Colliers International in Greater Phoenix.
Permitting for both single-family and multifamily housing rose from 2015 to 2016 with the strongest activity in the first half of the year. During 2016, developers pulled approximately 18,600 single-family permits and more than 9,400 multifamily permits.
