The Phoenix Business Journal reported on December 6th that the Phoenix Blue Chip Economic Forecast predicts that 2007 and 2008 will continue to post significant drops in housing permits, but that a 20% rebound is expected in 2009.
Also of note, 2007 will be a record year for industrial construction, and 2008 will also post strong growth in that sector.
Growth in Arizona, it seems, only slows, it never stops.
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