Construction in northern Pinal booms
Home starts across county up 35% in 1st quarter of this year
By BRIANNA BRADLEY | Casa Grande Dispatch
FLORENCE — Housing construction has boomed in the last year in northern Pinal County, but that has also contributed to rising housing prices associated with a regional shortage in available lots, according to data in a recent study.
New home starts were up 35 percent in Pinal County, and as much as 60 percent in Maricopa County, in the first quarter this year in comparison to the same quarter in 2015, according to Metrostudy, a provider of market information to the housing industry.
David Brown, Metrostudy’s regional director in Phoenix, reported that the increase in production has caused a lot shortage and competition for future demand that would force builders to steepen housing costs.
