November 22, 2024 3:53 am
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Forecast: Homebuilding to focus on West Valley

Among the communities and cities in Phoenix's West Valley are Avondale, Buckeye, Glendale, Goodyear, Litchfield Park and Tolleson.By Catherine Reagor | The Republic | azcentral.com

Metro Phoenix’s homebuilding recovery won’t ramp up again until 2015, and then it will play out mostly in the West Valley.

The latest forecast comes from some of the region’s top developers, builders, investors, brokers and analysts at the Scottsdale-based Land Advisors Organization’s annual real-estate conference on Wednesday.

New-home permits will climb as high as 18,000 next year, and the number of homes built in the southeast Valley will decline, Land Advisors CEO Greg Vogel told the crowd of more than 500 people at the Sheraton Phoenix Downtown Hotel.

Continued: 

If you’d like to discuss real estate matters, contact Rose Law Group founder Jordan Rose, jrose@roselawgroup.com

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