article thumbnail

Arizona Sets Limits on Phoenix Construction as Drought Worsens

Pro Builder

Earlier this year, Arizona projected that developers planning to build homes in the desert west of Phoenix don’t have enough groundwater supplies to complete their projects, another blow to home builders and buyers contending with steep price gains in a nationwide housing shortage.

Phoenix 98
article thumbnail

Is the Phoenix Housing Bubble About to Pop?

Pro Builder

Is the Phoenix Housing Bubble About to Pop? ldeakins Tue, 02/07/2023 - 10:32 After soaring to new heights throughout the COVID-19 pandemic, the Phoenix housing market is slowing to a halt, and that sudden drop-off has some market experts fearful of a 2023 crash For the past several years, the U.S.

Phoenix 59
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Phoenix-area project engineer says ‘no two days are alike’ in construction

Construction Dive

MFRG-ICON’s Kathy Gilmore has worked on a range of projects including institutional, museums and affordable housing.

Phoenix 116
article thumbnail

Commercial Construction 2020 Trends: Cannabis Retail, Senior Housing and Restaurant Construction Lead the Way

HardHatChat

Senior Living Operators Thinking Long Term: There’s been talk in the senior living sector that construction of brand-new senior communities has caught up to demand, and some media outlets are even saying senior housing is facing a glut. Retail Developers Will Play All Sides: .

Retail 31
article thumbnail

Could the Fall Season Bring a Cooler Housing Market?

Pro Builder

Could the Fall Season Bring a Cooler Housing Market? August welcomed slower housing price growth and increase in inventory, prepping the cooler fall season for a cooler housing market. Available housing inventory continued its upward trajectory for the fourth straight month, rising 4.1% cbroderick.

article thumbnail

Homeownership Is Becoming the More Affordable Option in Most Housing Markets

Pro Builder

Homeownership Is Becoming the More Affordable Option in Most Housing Markets. Housing prices are high all around, but low mortgage rates, rising wages, and home-equity wealth are giving buyers an edge over renters. housing markets, according to The Washington Post. Housing Markets. Housing Markets. New-Home Sales.

article thumbnail

Sunbelt Cities Topping the Charts in Real Estate Growth Over the Past Half Century

Construction Marketing

However, the Great Recession that followed sent shockwaves through the housing market, slashing construction activity by nearly half in the 2010s. But it’s not just housing: the city has added 292 million square feet of industrial space, solidifying its logistics and distribution hub role. million units nationwide.

Permits 156