When will home building slow in metro Phoenix? Jim Belfiore forecasts in AZCentral.

By Catherine Reagor | The Republic

Last month was the best March for new home sales in the Phoenix area since the boom of 2005, so it will take a while for that momentum to cool. 

But homebuilding in metro Phoenix is bound to slow along with the rest of the economy due to the COVID-19 pandemic.

Fewer potential buyers are venturing out to check out new communities, even though some homebuilders still have sales offices open with hand sanitizer by the front door. 

And workers still are building homes in many Valley subdivisions. Construction is one of the essential businesses named by Gov. Doug Ducey to remain open during this crisis.

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