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Gilbert Homebuilding Continues to Surge

By Parker Leavitt for The Arizona Republic

Gilbert issued twice as many new-home construction permits in fiscal 2012 than in the previous year, providing more evidence that strong residential growth has returned to the town after a lull during the recession.

For more than a year, Gilbert has outpaced any other Valley community in new-home building, and the trend grew stronger as the town entered a new fiscal year July 1.

Gilbert issued 2,323 single-family permits during fiscal 2012 after issuing 1,138 the year before, according to statistics provided by Development Services Director Greg Tilque.

The town also issued 19 multifamily permits in May, the first time that’s happened in a few years.

Most of the construction is in the southeastern corner of Gilbert, Tilque said. Some of the most active subdivisions include Cooley Station North, Higley Park, Power Ranch and Stratland Estates, he said.

Gilbert has issued more than 200 new-home permits for five consecutive months after 30 months below that mark. In May, the town issued more than 300 permits for the first time in at least five years.

In addition to single-family construction, at least four apartment plans are in Gilbert’s pipeline that would result in about 1,300 total new units. There are now about 7,200 apartments in Gilbert.

Read more at AZCentral

By the numbers