By Catherine Reagor | Arizona Republic
New homes are going up in metro Phoenix at the fastest rate since the housing boom of 2004-06.
But many buyers are stuck on waiting lists with as many as 50 people ahead of them.
New communities from Surprise, Buckeye and Goodyear in the West Valley to Queen Creek and the city of Maricopa in the southeast Valley are drawing the most buyers. The areas are home to some of the region’s most affordable new subdivisions.
Builders facing rising construction costs for labor, lumber and land are capping sales at many Valley new home subdivisions.
And the number of speculative-built houses — built and ready to sell — is at a near-record low.
