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Archive | August, 2017

Aug 8

Yuma Arizona Housing Market Update August 2017

One interesting measure of the housing market is new home construction.  It is important to keep your eyes on how many new homes are being built.  We do that by reviewing the number of permits pulled by contractors for new residential units.  Here’s a historical look at the last 20 years: You can see, there were 1,606 permits in 2005, and then home building fell a cliff.  By 2012, there were only 241 homes built the entire year.  Wow!  That’s an 85% drop from peak to trough.  Since