
There are two points of view on Arizona’s housing crunch and how to fix it. State legislative leaders see it one way, but city leaders see it completely different.The problem for the cities is that state law trumps their approach, Chandler leaders say.The Arizona Department of Housing estimated the state was short 270,000 housing units of what it needed in its 2022 annual report. That need continues to grow.
The U.S. Census estimates over 77,000 people moved to Arizona than left the state in 2022. All that demand and a limited supply is one reason the cost of housing continues to rise.Senate President Warren Petersen, a Gilbert Republican, said cities themselves are holding housing back, blaming lengthy delays in approving new developments, impact fees, and design reviews for increasing developer costs.“Government has been the problem, particularly local governments,” Petersen told the Capitol Times. “This problem becomes bigger and bigger every time loca …
See the full article on Arizona residential development, or, read more Arizona real estate investing news. Feel free to share our site with your investor friends.