Cromford Daily Observations:
The Census Bureau has just released their permit data for Arizona covering January 2015. The total single family permit count for Maricopa and Pinal Counties was 866, down 4% from 902 in January 2014 and the lowest January total since 2012. The 12 month rolling average declined slightly to 11,705, down slightly from 11,741 last month.
Multi family permits were moderate with 344 in Maricopa County (none in Pinal). The total of multi family unit permits in 2014 was the third highest in history, after 2007 and 2005.
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So when people say, I can't believe all the apartments under constructions, you can say, yep, 3rd highest permits of multi family permits in history:)
If your curious what this means for you let me know.
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