No sign of recovery for Phoenix’s home building market yet
No sign of recovery for Phoenix’s home building market yet
New home sales in metro Phoenix continue to slow. There were 553 new home closings in October, compared to 620 in September, reports the Phoenix Housing Market Letter. Through October, new home sales are 20 percent behind last year’s pace for the same period. “Foreclosures will be flushed thru the system. Inventories will rebalance. Prices will begin to see upward pressure. Legislation will …
Read more on The Arizona Republic
Tags: Arizona Republic, Building, foreclosures, home, Home Closings, housing market, Legislation, market, Metro Phoenix, New Home Sales, Pace, Phoenix's, Recovery, SIGN, System Inventories, Upward Pressure
O comments at "No sign of recovery for Phoenix’s home building market yet"