2019 March Residential Permit Snapshot for Metropolitan Phoenix issued by the Arizona LandSource Team

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The AZ LandSource Team presents the March 2019 snapshot of current and historical data for single- and multi-family residential permits issued for metropolitan Phoenix.

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Permitting – Single Family:

  • March 2019: 2,087 (-4.3% Y-o-Y)
  • Trailing 12 months: 23,939 (+13.4% Y-o-Y)

Permitting – Multifamily (5+ units):

  • March 2019: 769 (+107.8% Y-o-Y)
  • Trailing 12 months: 6,000 (-34.9 % Y-o-Y)

Index – Employment-to-Permit Ratio:

  • March 2019: 2.13

The employment-to-permit ratio (E/P) looks at how well supply is keeping up with demand.

Equilibrium = 1.2, meaning for every 1.2 jobs added, there’s 1 permit issued.

  

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2019 March Residential Permit Snapshot for Metropolitan Phoenix issued by the Arizona LandSource Team

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