The homebuilding industry is taking a hit as rising mortgage interest rates are causing buyers to hit the pause button. As a result, Phoenix-area homebuilders have been issuing fewer single-family permits.
So far this year, single-family permits are down 14% year over year, dropping to 21,284 permits issued this year through Sept. 30, down from 24,649 for the same period last year, according to the Home Builders Association of Central Arizona."Falling permit levels are a reflection of the current new home market, which is stagnant compared to earlier this year," said
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Report: TSMC considers another major expansion in Phoenix, Arizona for semiconductor plant - Phoenix Business JournalA Wall Street Journal article published Wednesday outlines TSMC's future expansion plans for Arizona. And here's what the semiconductor giant told the Business Journal in response to the WSJ report.
Källa: phxbizjournal - 🏆 254. / 63 Läs mer »
The cities where sky-high wage growth is outpacing inflation - Phoenix Business JournalMany employees have received larger-than-normal raises in 2020, but it often hasn't been enough to keep pace with inflation. But there are some exceptions.
Källa: phxbizjournal - 🏆 254. / 63 Läs mer »
Devin Booker retains his ranking among Valley's highest-paid pro athletes - Phoenix Business JournalDevin Booker, who will be paid $33.8 million this year by the Phoenix Suns, signed a four-year, $224 million supermax contract extension over the summer. See who is with him among the Valley's 29 highest-paid professional athletes.
Källa: phxbizjournal - 🏆 254. / 63 Läs mer »
Televerde names Silicon Valley exec Chris McGugan as new CEO - Phoenix Business JournalThe new CEO will lead Televerde, the Phoenix company that puts incarcerated women to work inside prisons as remote phone sales and marketing representatives for global corporate clients.
Källa: phxbizjournal - 🏆 254. / 63 Läs mer »
Google Fiber begins high-speed internet installations in Mesa - Phoenix Business JournalIn July, Mesa approved license agreements for Google Fiber and three more fiber-optic companies in the city’s attempt to bridge the digital divide. Business Journal Photo Editor Jim Poulin grabbed these shots of the fiber optic cable installation work.
Källa: phxbizjournal - 🏆 254. / 63 Läs mer »
Arizonans got 50 million campaign robotexts this fall - Phoenix Business JournalAlmost 50 million political robotexts were sent to Arizona phones in September and October alone, according to the latest estimates by RoboKiller, a company that markets a spam-blocking app.
Källa: phxbizjournal - 🏆 254. / 63 Läs mer »