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July 27. 2022 Market Update

Wednesday, July 27, 2022   /   by Bryan Baylon

July 27. 2022 Market Update

We provide monthly counts of Arizona State building permits in the Cromford® Public section of this site. You can filter by county and local jurisdiction (city or town).

To summarize the current situation, single-family permits are now dropping in response to the weak demand but probably not as fast as they should. As of June there have been 17,788 single-family permits issued in Maricopa and Pinal counties year-to-date. This is down slightly from 18,803 last year, but it is otherwise the highest count since 2006. There were only 2,248 single-family permits issued in June, which is the lowest monthly total since May 2020.

Multi-family permits are a different story entirely. These are still in a full-bore gung ho status. There have been 8,640 multi-family permits issued year to date, easily the highest total we have ever seen. Last year there were 6,871 at the same point and that was considered a lot. There were 1,890 issued in June, making it the fourth busiest month ever.

Market incites provided by the Cromford report.
Keller Williams Northeast Realty - The Baylon Group
Bryan Baylon
2005 W. Happy Valley Rd #150
Phoenix, AZ 85085

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