A recent story in the Arizona Republic inspired a good deal of commentary on the thread of the last post. I'm going to hang it out there, make a few comments and let you go to town (or suburb). It starts, "The rebound of metro Phoenix's new-home market continues to build." Then:
New-home permits were up 61 percent in the region during March, according to the latest Phoenix Housing Market Letter. The increase is more staggering than the actual numbers, but still it signals "evidence of a new-housing rebound," according the report's publishers, RL Brown and Greg Burger. In March, there were 1,036 single-family permits issued. It was the first month in a while in which home-building permits topped 1,000.
Last year in March, there were 645 single-family permits issued across the Phoenix area. Overall, homebuilding -- one of the region's biggest economic drivers -- was up 74 percent during the first quarter of this year compared with 2011. Here's an even more positive number for the new-home market: Builders reported a spec inventory of only 383 houses during the first part of April.
