Scottsdale-based Porter Kyle is charging ahead with $175 million worth of townhome rental projects in the Valley even as the rest of the nation takes a pause in construction.
Developers in other parts of the U.S. are already seeing an 80% drop in multifamily starts.
Taylor Shultz, partner of Porter Kyle, expects new construction deliveries to fall more than 60% in 2026 and even further in 2027 across metro Phoenix.
Source: https://ktar.com/arizona-business/scottsdale-developer-porter-kyle/5677774/
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