Affordability collapsing in Arizona due to a lack of supply

Arizona

2022/08/03

Affordability in Arizona is collapsing due to: Lack of inventory Increasing prices Rising rates Arizona’s housing shortage is damaging affordable housing as well. Arizona’s population growth is outracing available housing, leading to an imbalance between availability and demand. Builders must navigate increasing land costs, material and labor shortages, and lengthy delays in the local permitting and approval process.