Caption: Nationally recognized housing analyst R.L. Brown ranks Phoenix high in single-family home affordability. Image: Sommart Adobe Stock
By Angela Gonzales for Phoenix Business Journal
While home affordability is in focus in the Valley as overall home prices continue to rise — the result of demand and the still-surging area economy — an analysis of the region's homebuilding efforts shows the number of new residences built or in the pipeline is on the rise.
Using sales and permit data, the publisher of RL Brown Housing Reports looked at which companies are building the most affordable homes in metro Phoenix, focusing on builders with overall average closing prices of less than $300,000.
"The analysis shows there are a number of builders who are specializing in affordable housing in the metro Phoenix marketplace," RL Brown said.
Click through the slideshow below to see the 18 builders included in the RL Brown research in the original article.
