Take Two for February 15, 2013

Home values up in Arizona, but labor force still waning

Housing Downturn Spurs Unfinished Development and Labor Surplus in American Southwest

Chris Hondros/Getty Images

A recently-built neighborhood of tight knit homes is seen April 5, 2008 on the outskirts of Tucson, Arizona.

Last year home values in Phoenix were up 29 percent from the year before — the highest jump in the nation. That’s driving a rebound in new housing construction, but what’s not rebounding is the labor force. From the Fronteras Desk in Phoenix, Jude Joffe-Block reports.

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