Arizona’s 2023 Permit Freedom Act cut permit approval times from 200 to 126 days, reducing delays by up to 64% in some cities. This reform is expected to add 3,800 homes annually by 2035, lower new home prices by 5%, create 34,000 jobs, and boost the economy by $6.4 billion. Faster permitting increases housing supply, helping first-time buyers amid rising prices and limited inventory. The law offers a model to address nationwide housing shortages.
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