A report from the Common Sense Institute emphasizes the urgent need for faster permitting in Arizona's home construction. Despite a slight decline in housing shortages, affordability remains a significant issue, with average home prices reaching $424,800, requiring an annual income of $109,900 to purchase. The state is short about 57,000 housing units, and at the current permitting pace, it could take over 13 years to address this gap. Solutions include permitting smaller, more affordable units to help first-time buyers and alleviate the housing crisis.
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