Construction Value
$1.45B ▼ 45%
Units Permitted
8,997 ▼ 37.8%
Avg Value / Unit
$161K
2024 · Census Bureau Building Permits Survey
Construction activity in Phoenix slowed in 2024, down 37.8% from the prior year with 8,997 housing units permitted. At $161K per unit, new builds are 36% below the Maricopa County average of $253K, indicating more affordable construction. Volume is 4,332% above the county average of 203 units, suggesting faster-than-typical growth. 54.9% of new units were multi-family (apartments, condos, duplexes).
Housing Mixi
Development Densityi
Units per building permitted
Mostly single-family with some small multi-unit buildings.
Construction Intensityi
$900
per resident
County avg: $3K-68%
$2.8M
per square mile
Phoenix vs. Maricopa County Averagei
Where the Money Goesi
Construction value by housing type (2024)
| Type | Units | Bldgs | Value | Share |
|---|---|---|---|---|
| ■ Single-Family | 4,062 | 4,062 | $931.3M | 64% |
| ■ Duplex | 940 | 470 | $120.3M | 8% |
| ■ 3-4 Unit | 14 | 4 | $1.6M | 0% |
| ■ 5+ Unit | 3,981 | 83 | $394.8M | 27% |
County Ranking by Construction Volume
Among 24 permit-issuing towns in Maricopa County
Historical trends, year-over-year analysis, and full permit history available with a paid plan. See products & pricing →