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Updated Aug 23, 2013 - 1:28 pm

Mesa’s number of home permits more than doubled from previous year

MESA, Ariz. — The number of new home permits in Mesa has more than
doubled.

The East Valley Tribune reports that the city issued
982 new home permits during the fiscal year that ended on June 30.

That’s more than double the 414 new home permits issued in the fiscal year
ending on June 30, 2011.

In June alone, 146 permits were issued.

That’s more than any single month in the last five fiscal years.

Mike Orr, director of the Center for Real Estate Theory and Practice at the W.
P. Carey School of Business at Arizona State University, said it’s a good sign
for the housing market that developers are picking up projects, but noted that
lending restrictions are keeping some prospective buyers from getting a
mortgage.

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Information from: East Valley Tribune, http://www.eastvalleytribune.com

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