PHOENIX – The Valley’s building boom is on.
All across the Phoenix area, more homes are under construction now than at anytime in the last 10 years, even before the housing bust and the Great Recession.
“Oh it’s going really well,” said Jim Belfiore, who owns Belfiore Real Estate Consulting. “We’re seeing growth, rapid growth, as we have for the past couple of years.”
Belfiore said sales of new homes increased 22 percent from April to May.
“Demand is growing rapidly at this time and we expect that to continue,” Belfiore said. “It’s putting a lot of pressure on construction trades.”
And construction workers. The Valley lost 200,000 of them during the recession. Many