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Home › Forums › Closed Forums › Properties or Areas › San Diego Inventory Sucks… › bearishgurl wrote:sdduuuude,

January 28, 2013 at 1:07 PM #758626
SK in CV
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[quote=bearishgurl]sdduuuude, McBride’s graph is for SAAR (Scottsdale [AZ] Assn of Realtors), no?

Has there been more building going on in metro Phoenix in recent years than SD County? From his graph, it looks as though there has been.

I can’t understand that since the Phoenix metro area is grossly overbuilt.

[/quote]

Those are national numbers. 2012 was a bit under 400K units nationwide. (I’m not sure why the graph shows a rate of over 400K most every month.)

Believe it or not, homes are being built in Phx. It may have been grossly overbuilt 5 years ago, but prices rose pretty decently last year, and distressed sales of all kinds are on a sharp decline. There’s 700 condo units being built a few blocks away from me, and I have never seen a building go up faster. They’re working 7 days a week. Same developer just broke ground on another 400 units.