Sunday, December 24, 2017

U. S. new home sales skyrocket 17.5 percent in November, biggest jump in more than 25 years

Americans stepped up their purchases of new homes at the fastest pace in more than 25 years in November, with sales skyrocketing 17.5 percent amid robust demand and a continued shortage of existing homes on the market.


Single-story, unattached apartments offer house-like amenities

Metro Phoenix's apartment building boom has a different look in the suburbs. You might have driven by one of the new rental complexes and thought it was a new home subdivision.

Read more... https://www.azcentral.com/story/money/real-estate/catherine-reagor/2017/12/24/tiny-apartment-complexes-new-metro-phoenix-sparks-rental-trend/961893001/

Construction claws back from recession, 'new normal' still unclear

WASHINGTON – It was what one expert called "the mother of all booms."

Just over a decade ago, Arizona's construction industry was leading the country in residential and commercial building. People were waiting up to a year for a house, even as builders were throwing new homes up on spec for the residents who were flocking to the state.


Read more... https://cronkitenews.azpbs.org/2017/12/18/construction-claws-back-from-recession-new-normal-still-unclear/