Market News

Metro Phoenix housing market continues to show strength as we move into the 1st Quarter 2018...

The metro Phoenix housing market, which includes both Maricopa and Pinal Counties, continues to show strenght in 2018. The most recent market data for the Phoenix housing market has given rise to increased optimism about the outlook for 2018 and beyond, as presented in our recent market forecast on January 24th. Click here get the report

While the market is still driven by a number of housing hotspots we are clearly seeing growing strength in new geographic areas and in a broader range of products and price points as builders seek available lots in more diverse area of the region and as more affordable new housing becomes more in demand as the regional economy continues to improve.

The details of month by month new-home permit and closing activity are available in our Phoenix Housing Market Letter  and our Sales and Permit Report. For those needing to track Land acquisitions, New home permits and closings at subdivision and transaction level, future community locations and lot counts and resale home closings, our Magic Professional housing data application offers a map based research tool which is considered to be the industry best in market place. See the report section on this website.

Recently the market share capture of new homes overall versus existing homes has risen to the range of 15% or so, but in some housing “hotspots” in the region new-home market share has returned to the 25-30% range which was considered by most as a normal mix prior to the 2005 market.

We identify these housing hotspots in our 3 Year Forecast 2018-2020 available online from this website as well as identify the newly emerging hotspot areas.

We provide our clients with timely, affordable, and accurate housing market intelligence. Our data published every month for the entire Metro Phoenix marketplace. Give us a call at 480-614-0211 for additional information about any of the products and resources discussed here in. Email us at greg@rlbrownreports.com

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The Market letter, written by local housing-experienced pros, is an inexpensive way for new and resale housing pros to keep abreast of both activity and trends, and is considered the regional “go-to” source of market performance data, builder and community rankings, market share capture, and market trends as intense focus remains on market and product positioning across the region. Read more about these and other topics affecting the metro Phoenix housing market in our monthly Phoenix Housing Market Letter.

We also regularly receive specific targeted requests for both our highly accurate housing market data and for our analysis of new and proposed communities. Call us for a proposal or introduction to our products.

In our view

Land developers, Homebuilders, Suppliers, Contractors and Realtors will continue to make use of our sophisticated analysis tools to identify the market areas where the balance has already shifted from resale housing to new housing. This growth is evidenced by the market share capture being demonstrated by new housing growth across many submarket areas. The task will be to identify and acquire available land in the identified growth areas so that they can take advantage of the demonstrated demand.

This will take some serious product niching analysis requiring the kind of information available in our market intelligence products.