Arizona home builders are starting to sober up.

In metro Phoenix, RL Brown said new-home permits were down 58 percent in September from a year earlier.

With quite a hangover.

Pulte Homes’ profits plummeted 52 percent during the third quarter. Centex Homes’ earnings dove 62 percent. And Scottsdale-based Meritage Homes’ financials came in last week with a 15 percent drop.

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