By Paul Maryniak | The Mesa Tribune
As if low inventory wasn’t exerting enough pressure on home prices, two new trends are apparently adding to the surge – particularly for new houses.
The National Association of Homebuilders and the National Association of Realtors said a lumber shortage is accelerating the cost of new home construction while there also is a rising demand for larger houses – partly as the result of more stay-at-home and work-from-home time created by the pandemic.
“While the market remains solid, median home prices are increasing due to higher building material costs, most notably softwood lumber, and a shift to larger homes,” said Robert Dietz, chief economist for the National Association of Home Builders.
Rose Law Group among Business Journal’s largest lobbying firms in the Phoenix area!
May 19, 2026
By Dale Brown | Phoenix Business Journal Twenty-four Phoenix area lobbying and public affairs firms are currently representing 1,326 companies, organizations and other entities before
