Valley Homebuilders Commit to More Construction

By Angela Gonzales | Phoenix Business Journal

Homebuilders are pulling more single-family building permits than they did this time last year, according to new data released by the Home Builders Association of Central Arizona.

From January through April, homebuilders pulled 8,680 permits, an 11% increase over the same period during 2019, according to HBACA.

Avondale showed the biggest increase, with 121 permits pulled during the year’s first four months, up 317% from 29 during the same time in 2019. While Phoenix had the most permits pulled during the first four months of 2020, the 1,206 permits were a 16% drop from 1,434 permits during the same period in 2019.

RL Brown Housing Reports, which runs its own permit data, removing duplicates and single-family rental units, showed a 15.92% increase in permits through April.

“March was a monster month for closings and permits to cap off a really strong quarter,” said Jim Daniel, CEO of RL Brown Housing Reports. “Permits were up 23% over the first quarter 2019.”

A peek at May’s permit figures looks to be close to April numbers, Daniel said, but it’s too soon to tell for sure.

“Builders are reporting success with appointments for prospective buyers, and the historic low for resale listings should really help the permit numbers in May and June,” he said.

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