Elliott Pollack writes;
“Single family permits in the Greater Phoenix area are up 75.9% for the year as a whole (RL Brown)… but… the number of permits fell so far during the recession that the subsequent rates of growth must be of this scale just to return to normal conditions by the middle of the decade.”
To me, that shows that we have tremendous upside economic potential in metro Phoenix, that the Phoenix economy will be one of the best in the country for a few to several years.