By Gabriela Rico | Daily Star
The Tucson area may be better positioned to weather the gloomy home-building news being seen across the country.
While other parts of the country are expecting a major contraction from homebuilders and a dramatic drop in home prices, Tucson is holding its own, analysts say.
A combination of the continued housing shortage and recently announced business expansions is expected to keep homebuilders’ interest high in the local market.
Tucson-area new home closings in 2022, at 3,569, was a modest 2% increase over 2021.
And while new home permits dropped more than 30% from December 2021 to December 2022, builders continue to express optimism about the Tucson market.
