Maricopa County Multi-Family Permits - YTD June

[Jeffrey Daniels]

Over halfway through the year and looking at most recent Multi-Family Permit data around Maricopa County. Phoenix holding steady around 4700 of the 2022/2023 totals shown below. West Valley towns Avondale / Buckeye / Goodyear going from 317 total in all of '20 - '22 to most recent data showing 1,421 YTD June. Same 3 cities combined saw a total of 2,219 permits in 2022, while Maricopa County as a whole had 19,895.

So while YTD numbers are showing slightly increased permit action compared to 2022, do you expect permits during the 2nd half of 2023 to gather even more steam and file over 11,000 more permits to beat last year's record high?

Interesting to note, according to the Census Bureau Report about 1000 of the permits filed in the MSA so far this year have been for 2-3-4 units. Will these go directly into portfolios, or brought to market?