Trends

By Rebekah Morris for AZBEX Construction activity in Arizona is projected to hit $14.8B in 2019. That was just one of the good pieces of news presented in the private development outlook presented by BEX Founder and President, Rebekah Morris at the fifth annual Private Development Summit on Tuesday. Population Growth and Employment and Housing, […]

By Tasha Anderson for AZBEX The first week of May has come and gone, which in BEX’s world means another successful Private Development Summit has passed. More than 200 attendees gathered at the DoubleTree by Hilton in Tempe on Tuesday, May 7th, for an afternoon of looking into the current and future state of the […]

By Tasha Anderson for Arizona Builder’s Exchange Arizona’s seasonally adjusted unemployment rate increased to 4.8 percent in December, up from the November rate of 4.7 percent, according to the latest report published by the Arizona Office of Economic Opportunity. The national rate increased to 3.9 percent. In December 2017, the state had a seasonally adjusted […]

Forecast Event Shows Impending Doom Seems Highly Unlikely By Roland Murphy for Arizona Builder’s Exchange 2018 was an excellent year, if not quite as excellent as experts predicted at the outset. 2019 will also be excellent, if, perhaps, somewhat less so than the year that preceded it. After that, things will taper off, but it […]

By AZBEX Staff for Arizona Builder’s Exchange Despite U.S. Multifamily rent growth remaining flat at 3.2 percent in December from November, 2018 proved to be a solid year for multifamily. According to the December 2018 Multifamily National Report from Yardi Matrix, “3.2 percent rent growth slightly exceeded going-in expectations. Despite the recent volatility in the […]

By Rebekah Morris for Arizona Builder’s Exchange, LLC By many business measures, 2018 was a great year. The Arizona construction market certainly saw shimmering doodads and shiny whatchamacallits at every turn. While we’ll go into much greater depth — with targeted data and detailed analysis — at our Construction Activity Forecast event next Thursday, January […]

By Tasha Anderson for Arizona Builder’s Exchange Arizona’s seasonally adjusted unemployment rate increased to 4.7 percent in November, up from the revised October rate of 4.6 percent, according to the latest report published by the Arizona Office of Economic Opportunity. The national rate remained at 3.7 percent. In October 2017, the state also had a […]

By Tasha Anderson for Arizona Builder’s Exchange As the end of the year rolls around, it’s customary to reflect on the current state of things and look toward the future to see what possibilities lie ahead. This month’s AZBEX Leading Market Series did just that as attendees gathered at the DoubleTree by Hilton in Tempe […]

Source: Associated Builders and Contractors National nonresidential spending increased 0.1 percent in October, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data released. Total nonresidential spending for the month stood at $763.8B on a seasonally adjusted annualized rate, which represents a 7.3 percent increase over the same time last year. Thirteen […]

By Roland Murphy for Arizona Builder’s Exchange Arizona’s strength as a leading construction industry market got another boost this week, as it landed in third place among the 50 states and the District of Columbia on the 2018 Merit Shop Scorecard issued by Associated Builders and Contractors. The scorecard is, “an annual state ranking based on […]