Even with builders offering more incentives than ever, the latest numbers show a slight cooling in new-home activity: mortgage applications for new homes dropped 5.7% from last year and 1% from June. July also saw new single-family home sales dip by 3%, while housing starts took a nearly 10% tumble. Permits ticked up, but they're still hovering near a three-year low. As someone who loves helping clients find the right fit, I always keep a close eye on these shifts—because every stat tells a story about the journey to the perfect home here in Arizona. If you're feeling uncertain about what these changes mean for your next adventure, you’re not alone! Grateful as ever to be part of your home search.
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