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    Valley Homebuilder Permits Up 16% As New Homes Sell At Rapid Rate

    Valley Homebuilder Permits Up 16% As New Homes Sell At Rapid Rate

    Homebuilding permits are up 16% in metro Phoenix, showing strong growth this year and showing no signs of being affected by the pandemic.

    Year to date through November, homebuilders secured 26,374 permits across the Valley, up from 22,650 during the same period in 2019, according to the most recent data from the Home Builders Association of Central Arizona.

    The city of Avondale had the biggest growth so far this year, with a 336% spike in single-family homebuilding permits issued. That’s most likely a result of the ramped up activity at Alamar, a 1,130-acre master-planned community being developed by Brookfield Residential Properties Inc. that will¬†include 3,695 homes.

    Despite the effects of Covid-19 that have hampered some industries, the 2020 housing industry has been nothing short of booming, said Jim Belfiore, founder of Belfiore Real Estate Consulting in Phoenix.

    More new homes sold this year than in any year since Belfiore began tracking the housing industry 15 years ago.

    “Twenty-two percent more new home contracts were signed this year than last year through mid-November, while sales have tapered off 7% over the last three months from the highest single 30-day period of sales since at least early 2006,” he said. “Buyers purchased 46% more homes from mid-October to mid-November than during the same period a year ago.”

    Here’s a look at the top five Valley cities with the most growth this year through November 2020:

    Avondale

    YTD growth: 336%

    YTD 2020 permits: 449

    Coolidge

    YTD growth: 167%

    YTD 2020 permits: 427

    Casa Grande

    YTD growth: 93%

    YTD 2020 permits: 1,034

    Glendale

    YTD growth: 81%

    YTD 2020 permits: 428

    Surprise

    YTD growth: 49%

    YTD 2020 permits: 2,295

    Source: Home Builders Association of Central Arizona

    The List

    Largest Phoenix-Area Homebuilders

    Ranked by # of housing starts, 2019
    Rank Builder # Of Housing Starts, 2019
    1 Lennar Homes 2,223
    2 D.R. Horton Inc. 1,810
    3 PulteGroup 1,641

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