Phoenix slated for more population growth; affordability a growing concern

By Audrey Jensen | Phoenix Business Journal

An economic forecast for the state and Phoenix metro show Arizona will continue to add a significant number of residents, housing and jobs while dealing with inflation, supply chain issues and a low supply of homes in the growing region.

Although Arizona is one of the top states in the nation for population growth, Lee McPheters, a research professor of economics and director of the JPMorgan Chase Economic Outlook Center at Arizona State University, said the state increased by a total of 98,000 residents last year, which was lower than the anticipated 107,000 new residents.

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May 6, 2022

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