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New Permits Surge in July for Valley Homebuilders

By August 27, 2020November 14th, 2022No Comments

By Angela Gonzales | Phoenix Business Journal

Homebuilders around the Valley have increased the number of single-family building permits pulled for the third-straight month, shaking off the effects of the coronavirus that stalled growth in the spring.

Meritage Homes Corp. pulled the most single-family building permits in July around the Valley, according to RL Brown Housing Reports.

In July, homebuilders pulled 2,799 permits in metro Phoenix, up from 2,405 in June and 1,563 in May, according to the Home Builders Association of Central Arizona. In April, 1,818 permits were pulled, down from 2,523 in March before the coronavirus pandemic slowed down the economy.

Year to date, through July, homebuilders pulled 15,447 permits, up 8% compared to the same period in 2019.

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