Belfiore, Cullum on lumber shortage impacts.

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By Stephanie Olmo | FOX 10 Phoenix

PHOENIX – Despite the ongoing COVID-19 pandemic, the housing market is skyrocketing as more people from across the country are looking to buy and build in Arizona.

“Throughout April, it was kinda slow. Things start picking up in May, just before the Governor signed off on things reopening, and things have grown. They have topped out around mid [August],” said Jim Belfiore, President of Belfiore Real Estate Consulting. “In terms of demand, we are still [at a] very high level. We are above where we were [back in] 2006.”

According Belfiore, it’s not expected to go down anytime soon.

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