The Greater Phoenix Blue Chip Economic Forecast predicts 41,767 new home permits in 2007 which will grow to 45,519 new home permits in 2008. Those numbers are off sharply from the record 63,000 permits reported in 2005 and the 60,000 issued in 2004.

I hope its less in 2007 than forecast. That would help improve home prices for everyone.

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