Some good news for the housing market here in Tucson:
Monthly new home permits highest since 2003
The construction industry continued its slow rebuilding process in May with 214 new home permits, the most since 243 permits in March 2003. Year-to-date, 791 residential permits have been issued, 25 percent more than the 616 units during the same 2011 period.
New construction home sales in May were 123, eight more than a year ago. Year-to-date, there have been 520 closings of new-built homes.
The new data is from housing analyst John Strobeck of Bright Future Business Consultants. After seeing the latest stats, he re-confirmed experts’ projections that some 1,500 permits will be issued in the region this year.
“From a pure economic standpoint, we desperately need a vibrant new construction market,” Strobeck said.
By subdivision, Robson Communities pulled the most permits with 12 at Saddlebrooke Ranch, northeast of Oro Valley. At 9 each, the next-highest volume was D.R. Horton Homes at Estancia del Corazon in Sahuarita and Las Flores at Star Valley; and Pulte Homes at Sierra Morado, in southeast Tucson. ...
Here's the link to the entire article in InsideTucsonBusiness.com:
http://www.insidetucsonbusiness.com/...a4bcf887a.html