MARKET INTEL

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Arizona Housing Shortage Reaches 120,306 Homes

Up for Growth, a cross-sector member network committed to solving the nation’s housing shortage and affordability crisis through data-driven research and evidence-based policy, has found that housing underproduction in Arizona reached a housing shortage of 120,306 homes in 2021, earning a ninth-place ranking among U.S. states for the severity of its housing deficit. Nationwide housing underproduction

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Intel

Renting Becomes More Economical Option Over Buying in Nearly All Major Markets

When considering the choice between renting and buying today, the housing market balance continues to tip in favor of renters amid an uptick in multifamily construction, reveals Realtor.com’s September Rental Report. Meanwhile, compared with pre-pandemic years, faster absorption rates of newly constructed apartments within the first three months after completion

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