Low inventory spurring demand for new homes in metro Phoenix

By Angela Gonzales | Phoenix Business Journal

As inventory for existing home sales remains low in metro Phoenix, homebuilders are building as fast as they can to keep up with insatiable demand for new homes.

Municipalities across the Valley issued 28,704 single-family building permits in 2020, up 18% from 24,274 in 2019, according to Home Builders Association of Central Arizona’s year-end analysis.

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