builders ticked up this month to a five-year high, an indication that the housing market is slowly improving. US builder confidence ticks up to 5-year high | Ĭonfidence among U.S. The booming Phoenix-Mesa Gateway Airport has unveiled a $1.4 billion plan for a new passenger terminal that could open as soon as 5 years from now and eventually expand to 60 gates. Gateway airport plans $1.4B terminal with 60 gates | The latest Bureau of Labor Statistics data shows the nation’s construction workforce continued dwindling in May, yet Arizona was among the minority of states that boasted year-over-year gains in the It's a trend some local builders say is occurring in Arizona.Īrizona ranks third for construction Job growth in May | as the housing market rebounds, according to a new study of building data. LA builder joins team for Mesa's Eastmark | īernards, a commercial builder based in Los Angeles, has been named one of several general contractors for Eastmark, a massive, planned mixed-use development in Mesa.Īrizona builders see trend of larger houses | īuilders are making bigger homes in the U.S. Hughes hunts for carpenters to join his team at a Phoenix-area house-framing company, competitors are tracking down his workers at building sites and offering them more money. Home-builder confidence across the country has reached its highest level since May 2007, according to the National Association of Home Builders/Wells Fargo Housing Market Index.Īrizona’s Homebuilding Revival Sparks Bidding Wars for Workers | Prices for existing homes here and in surrounding areas climbed by 25 percent during the 12-month period that ended in April, pointing to a decisive shift in the market realities of a place where fo Home Prices in the West Are Rebounding as Inventory Shrinks | If Arizona is to successfully lure companies, it would benefit by changing its stance that development must pay for itself, Chandler's economic-development director contends. Summit calls for economic infrastructure | Cheap mortgages have helped drive a modest recovery in the weak housing market thi rate on a 30-year fixed mortgage fell this week to a record low for the seventh time in eight weeks. Rate on 30-year mortgage falls to record 3.66 pct | Pulte Homes said it has purchased or is in escrow on 332 lots in three East Valley locations with plans to begin opening new communities later this year if current buyer demand holds up. commercial lending debacle.Īrizona's gross state product grew by 1.54 percent from 2010 to 2011, ranking the state 19th in the nation for economic growth. The Greenberg Traurig LLP and Quarles & Brady LLP law firms have agreed to pay $87.5 million to settle investor lawsuits over their legal counsel in the Mortgages Ltd. Greenberg Traurig, Quarles to pay $88M to settle Mortgages Ltd. The Phoenix rise is the best among major U.S. Phoenix home prices increased 2.5 percent in April from March, according to the latest Standard & Poors/Case-Shiller Home Price Index out this morning. Phoenix home prices up in new Case-Shiller index |
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