Trader Joe’s expands its presence in the Valley
Popular grocery chain Trader Joe’s has expanded its presence in the Phoenix-area, adding another store in the East Valley.
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News
Arizona Leads Nation In Homeownership Growth
Arizona is adding homeowners faster than any state in the nation, a sign of continued growing economic momentum in the state. The state’s quarter-over-quarter homeowner rate change increased by 7.7 percentage points in Q2 2020, according to data from the U.S. Census Bureau, the best in the nation.
Read MoreTexas developer bringing 5 active adult communities to metro Phoenix
Sparrow Partners, based in Austin, Texas, is making its Phoenix-area debut with five active adult communities planned totaling $200 million in development costs.
Read MoreHome-building permits booming again in Maricopa
It’s been more than a decade since Maricopa saw the number of new home-building permits it racked up in September. The total of 229 was due to builders coming into several subdivisions, with D.R. Horton leading the way. While topping 200 is an impressive feat and a sign of the housing comeback for Maricopa, it puts into perspective the city’s construction heyday.
Read MoreHere’s why Metro Phoenix boasts the nation’s hottest industrial real estate market
In a welcome signal for the Phoenix region’s economic recovery, industrial real estate development projects will continue to heat up over the next year and beyond with the hottest market in the West Valley, leading experts told the real estate community Friday.
Read MoreArizona leads West in income growth
Arizona’s median household income rose by 15.2% over the latest three-year recording period, according to new data from the U.S. Census Bureau. That was the highest growth among western and mountain states, and higher than Texas and Florida. The Census data, which compares income growth averaged between 2014-2016 and 2017-2019, indicates that the median household income in Arizona rose by more than $8,600.
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