Belfiore Phoenix Business Journal interview: What next recession will feel like

Jim Belfiore

By Angela Gonzales | Phoenix Business Journal

There’s no question 2019 was a hot year for residential real estate, with homebuilders doing everything they could to keep up with housing demands in a time of population and job growth.

I had a chance to catch up with Jim Belfiore, founder and president of Belfiore Real Estate Consulting, a Phoenix-based market research firm that recently celebrated its 14th anniversary.

Belfiore’s 11th annual AZ Dealmakers event, scheduled for Jan. 23, 2020, is expected to attract nearly 1,000 attendees.

What is keeping homebuilders from overbuilding? Homebuilders are struggling to keep up with housing demand, largely as a result of a strained labor pool. The challenge, simply, is that there are not enough workers to fill the jobs the industry is creating.

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