WASHINGTON, D.C. – March 3, 2015 – (RealEstateRama) — According to the Metrostudy 4Q14 survey, home starts, attached and detached, in the Phoenix area numbered 10,140 over the last four quarters, down 14% from 2013.
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Despite high expectations, 2014 New Home Starts were down 14% from 2013
Affordability is a concern as new communities come on line at higher prices; it is not clear if condos and infill will be the affordable solution but the market should be watched
Builders should not expect much organic growth through the market and should be focusing on the consumer if they want to larger share of the starts
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