ARIZONA DAILY STAR: Weds., Sept. 12, 2007
Pinal still fast-growing even as slowdown hits
While Pinal County continues to be one of the fastest-growing communities in the country, it is experiencing a significant drop in new-home purchases, new census data show. The new housing figures provide insight into the reasons for the slumping housing market: Since 1990, homeowners have faced a growing gap between their incomes and the price of their homes, an Associated Press analysis shows.
The Census Bureau released 2006 housing data Wednesday for every state, county, metro area and city with a population of at least 65,000. Pinal County saw more than 18,000 new housing units go up from July 1, 2005 to July 1, 2006, a 16.6% increase that was tops among all counties in the nation. Pima County added 11,151 new housing units during that same time span, a 2.7% increase to 418,199 units.
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