By Jessica Boehm, Alex Fitzpatrick | AXIOS Phoenix
After years of playing catch-up on homebuilding, the Valley is getting closer to meeting the demand of people moving here, a new Axios analysis of U.S. Census data shows.
Why it matters: Economists and real estate analysts blame a housing shortage for the dramatic spike in home prices and rents in the late 2010s and early 2020s.
Driving the news: The number of housing units in metro Phoenix increased by 16.4% between 2014 and 2024, while the population grew by 15.5%, per U.S. Census Bureau data.
