Phoenix is one of six major metropolitan areas that have shown continuing decreases in the cost of construction.  The other cities are Las Vegas, Denver, New York, Washington, and Honolulu.  While construction costs in Phoenix continue to decline, the rate of decline has slowed with a drop of 0.42% for the first quarter of 2010.

Despite the decreases in construction costs, both residential and commercial construction in Phoenix have remained stagnant for the last two years although there are some indications that a turnaround may be imminent.  This will be good news to many Phoenix law firms who have had to lay off attorneys due to the construction downturn.

Tagged with:

Filed under: Construction

Like this post? Subscribe to my RSS feed and get loads more!