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Airport/Transit Merit: Phoenix Sky Harbor International Airport Terminal 3 Modernization Phase I

ENR Construction

Located in central Phoenix, Sky Harbor International Airport is being transformed by the $200-million first phase of a three-phase project that includes four main components: a new consolidated checkpoint, additional ticket counters, new baggage claim devices and exterior and interior finishes.

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Inflation Is Rising the Fastest in Sun Belt Cities—Here’s Why

Pro Builder

Sun Belt cities like Phoenix, Atlanta, Miami, and Tampa have experienced price increases above 10 percent this year, soaring well beyond the national rate of 8.5 Because housing is a main driver of inflation nationwide, homebuyers and renters have faced one of the steepest uphill battles in search of affordability.

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Water/Environment Award of Merit - Val Vista Water Transmission Main Rehabilitation

ENR Construction

million Val Vista Water Transmission Main Rehabilitation project was performed on more than 6,000 linear ft of pre-stressed concrete cylinder pipe that delivers water to more than 60% of the population in the city of Phoenix.

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Metropolitan Migration Patterns Show Some Cities Growing at the Expense of Others

Pro Builder

Census Bureau shows that metropolitan migration patterns feed cities like Phoenix, Arizona and Riverside, California with more people moving away from powerhouse metros like Houston, Miami, and Los Angeles. . Phoenix came out on top with an average net population gain of nearly 50,000 a year, with the largest group arriving from Los Angeles.

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3 Cities Out-of-Town Buyers Are Eyeing Most

Pro Builder

The most interest from these searchers are in Sacramento, Austin, and Phoenix. Sacramento and Austin–like Phoenix, Las Vegas and Atlanta, which round out the top five–are affordable relative to coastal areas, with median home prices under $475,000 in August, compared with $1.5 million in San Francisco and $710,000 in Los Angeles.

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Home Prices Hit Double Digit Yearly Growth

Pro Builder

Four metropolitan areas that saw an improvement in listings are Riverside, CA (+6.3%), Phoenix (+4.2%), Austin, TX (+1.5%), and Sacramento, CA (+0.3%), marking the first time since October 2021 that any of the 50 largest metros saw an increase in homes for sale. New-Home Sales.

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Pandemic Slows Single-Family Rent Growth to Decade Low

Pro Builder

Phoenix is still seeing strong rent growth at 6% year-over-year. The weak May numbers are nearly half of the growth seen last year when rent grew by 2.5% nationally. This change has mainly influenced higher-priced rentals, as lower-priced homes continued to see rents raised. Rent growth also varies widely by city.