Arizona is short more than 200,000 homes to match demand and lawmakers think they can fix that by gutting local zoning regulations, a strategy that has drawn heated opposition from cities across the state.
In Arizona, the average house price was $407,500 in February which is a $1,000 increase from January and about a $27,000 decrease from last year.
Construction is underway on an affordable housing complex funded in part by a state low-income housing tax credit and lauded by state and local officials who gathered at the building site Friday.
Hundreds of mobile home park residents face eviction by landowners who have other plans for the land the parks are on.
In a rare show of bipartisan agreement, the Arizona state Senate voted down a bill aimed at addressing the housing crisis by a vote of 9-20.
According to the Federal Housing Finance Agency House Price Index (FHFA HPI), Arizona has the second highest annual appreciation between first quarters of 2021 and 2022 at 27.5 percent, behind Florida at 29.8 percent.
According to Zillow, the average home value in Arizona climbed by 17.7% between August 2021 and August 2022.
But housing advocates say the tiny house trend (like all proposed housing solutions) is not an end-all to homelessness if it doesn’t include access to services people need to stay healthy and keep a roof over their heads.
A recent study from the National Low Income Housing Coalition ranked Arizona among the five worst states for affordable housing, with just 26 available options for every 100 extremely low income households.
According to the nonprofit National Low Income Housing Coalition and its latest annual survey, Arizona ranks in the top five states where the affordable housing shortage is most devastating.