New home construction in the Phoenix Valley ticked up in June, but the broader trend still points downward.
Builders pulled permits for 3,900 new housing units Valley-wide in June — houses and apartments combined. That is up 14% from a year ago, but it follows two straight months of double-digit drops.
Zooming out, the long-term trend is still pointing down. Single-family home building peaked before the Great Recession, collapsed, rallied again in 2021, and has been sliding ever since…