Arizona’s 2011 economic outlook among best in West

Better Economic Forecast for Arizona

Although about “half speed” in 2011, Arizona’s economic growth will be better than just about any other Western state, according to the Western Blue Chip Economic Forecast.

Arizona’s employment picture has been gaining strength in recent months. In September, the state had the second-largest number of new jobs in the West, with a gain of 11,700, compared with a year earlier. Texas came in first.

In 2011, both of those states are projected to see the greatest percentage gains in jobs.

Every state in the West is expected to get more single-family housing permits next year, with the largest increase in California, followed by Arizona.

Arizona, Texas and California are expected to have the fastest population growth.

December 10, 2010 by Realtor John Wake

About The Author

John Wake

Born in Phoenix, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding a buyer for their current home.

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