Phoenix showing signs that construction is turning the corner

Both residential and commercial construction have remained stagnant for the past two years, but Phoenix is finally showing signs of a turnaround. According to Scott Macpherson, principal of Ryder Levett Bucknall construction is gaining ground again. Construction numbers showed strength in the first quarter of this year. This is good news for Arizona real estate. Maricopa, Pinal and Pima counties all showed impressive double digit gains. The Phoenix market appears to be turning the corner with sales up about 2% for the month of April over last years numbers. If you are thinking about purchasing a new home now is most certainly the time to buy. Homes values abound and rates are still near historic lows.