More Good News

By Elliott Pollack

The first quarter 2013 Blue Chip Forecast continues to suggest strong improvement in the real estate sector, especially in residential real estate. Single family permits, after reaching 11,615 permits in 2012, are expected to grow to more than 18,000 units in 2013 and about 25,000 permits in 2014.        more...

It’s Hard not to be Optimistic about Housing

By Elliott Pollack

Virtually every sector of real estate will be improving through 2014, according to the Greater Phoenix Blue Chip Real Estate Consensus panel. The issue for each sector is how quickly the improvement will occur. For single family, the outlook is bright according to the panel.

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2014 Looks Promising

This quarters Greater Phoenix Blue Chip Real Estate Consensus gives us our first insights into 2014. The single family housing forecasts for 2012 and 2013 have changed very little. The consensus forecast for single-family permits now stands at just above 12,000 in 2012 and 19,500 for 2013. This compares with slightly fewer than 6,300 permits in 2011. Thus, large percentage gains are expected both this year and next.

Arizona Ranks Among Top Ten Growth States for Sixth Month

by Lee McPheters

Arizona non-agricultural employment increased over-the-year by 2.3 percent in August, a growth rate sufficient to keep the Grand Canyon State ranked among the top ten for the sixth consecutive month. Arizona placed sixth among all states in the rate of job creation, down two notches from fourth position in July. Nationally, non-agricultural jobs increased by 1.4 percent in August over the prior year. Arizona is one of 14 states to post faster job growth than the nation.