I was talking with a good friend who recently moved to the Phoenix area today and he was relating the incredible population growth that is going on in that market. Coincidentally, I was reading a real estate study that looked at housing permits.
In the past year Phoenix has had almost 66,000 new permits issued, which is more than the total permits issued in the MSAs of all but 5 states: Arizona, California, Florida, Georgia, and Texas.
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