By Builder Online
Phoenix has emerged as the epicenter of America’s manufacturing resurgence, attracting $114 billion in manufacturing investment between 2021 and 2024—more than any other U.S. metro area. The influx positions the nation’s third-largest housing market for sustained construction activity, but also introduces new economic dependencies that could reshape demand patterns.
According to Zonda Economics’ latest State of the Market analysis, semiconductor and electronics manufacturing accounted for nearly three-quarters of Phoenix’s industrial investment. Taiwan Semiconductor Manufacturing Company’s $150 billion expansion alone is expected to generate 6,000 permanent jobs and support 40,000 construction jobs over the next four years.
“A nationwide push to reshore and rebuild American manufacturing capacity has placed Phoenix at the center of a modern industrial resurgence,” says Ali Wolf, Zonda’s chief economist. “The Trump administration’s renewed focus on domestic production positions Arizona’s manufacturing corridor to capture an even larger share of national capital spending.”
