Phoenix Business Journal
New home closings in metro Phoenix increased in December, as did the number of building permits pulled by home builders. That’s according to new data provided by Valley-based RL Brown Reports.
There were 855 new home closings in December as compared with 653 a year ago, or a 31 percent increase. There were 492 residential building permits pulled as compared with 383 a year ago -- a 28 percent increase. By comparison, resales were down with 7,707 recorded in December as compared with 7,949 in December 2010.
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