• Arizona housing permits issued at lowest pace since 2019 • Single-family permits dropped nearly 12% over the past year • The Federal Reserve’s interest rate cut may offer relief to potential homebuyers

Housing permits issued in Arizona are at the lowest annual pace since 2019, but prices are continuing to sit at just under half a million dollars.

The number of both single-family and multi-family building permits approved has dropped over the past year, according to the Joint Legislative Budget Committee’s October fiscal highlights report.

The report’s latest numbers track a 12-month rolling total through August. From August 2024 to August 2025, there were 36,455 single-family building permits issued in the state, which is nearly a 12% decrease from the previous August’s 12-month t

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