Tucson New Home Construction in First Half of 2012 Up 30% Over 2011

Tucson Real EstateAt the mid-point of 2012, new home construction in the Tucson region has held onto steady monthly gains and is now 30 percent ahead of last year’s pace. Year-to-date, 953 residential construction permits have been approved. That is 221 more than the 732 permits issued in the first half of 2011.

Several of the region’s geographic submarkets have gained impressively. New permits in Sahuarita are up 125 percent, according to new data from housing analyst John Strobeck of Bright Future Business Consultants. Year-to-date, the town has issued 153 permits, up from 68 for the first six months of 2011 (see chart).

So far this year, Marana has issued 89 more permits this year over 2011, an increase of 59 percent and inside the city limits of Tucson, the number of permits issued this year is up by 35, a 30 percent gain. Pima County has issued 17 more permits this year, a 6 percent gain.

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Authored By Roger Yohem – See the Full Story at Inside Tucson Business

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