Vacant housing in Arizona jumped sharply in recent years, Census says
More than 460,000 Arizona units were vacant in 2010, a 61 percent
increase over the previous decade, according to the latest data from the
U.S. Census Bureau.
The vacancy rate - 16.3 percent of all housing in the state - comes after a decade that saw a recession, major job losses and home foreclosures. But the magnitude of the vacancies still caught some experts by surprise.
"That's staggering," said Paul Hickman, president and CEO of the Arizona Bankers Association. "It's stark verification that we cannot emerge from this economic crisis until we move through this inventory."
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The vacancy rate - 16.3 percent of all housing in the state - comes after a decade that saw a recession, major job losses and home foreclosures. But the magnitude of the vacancies still caught some experts by surprise.
"That's staggering," said Paul Hickman, president and CEO of the Arizona Bankers Association. "It's stark verification that we cannot emerge from this economic crisis until we move through this inventory."
read more
Posted by Knucklz at August 4, 2011 8:00 AM 
Categories: Government, Economy, Conspiracy
Tags: Arizona economy census recession depression
Categories: Government, Economy, Conspiracy
Tags: Arizona economy census recession depression
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