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10/28/07
Permits dip helps balance supply
Filed under: General, Real Estate
Posted by: Lillian Wong @ 2:56 pm

Last month’s dramatic drop in building permits for homes across metropolitan Phoenix may look like one more piece of bad news for the already struggling real-estate market. But actually it’s a good sign, as long as new-home sales are holding steady. And they are. There were 1,391 single-family permits issued from Casa Grande to north Peoria in September, while new-home sales or closings were more than double permits for the month at 2,991.  More…

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