December 1, 2013 | Posted in Products | By

F12Before the Great Recession hit, Arizona’s economy was booming. Total employment grew more than 20 percent during the seven years leading to its prerecession high, while national employment grew by just over 5 percent. With a strong economy, growing investment and favorable weather conditions, new residents flocked to Arizona a record rates. Rapid population growth fueled demand for housing and related services and created expectations that the boom would continue to strengthen. Unfortunately, as is often the case, the boom turned to bust as values became stretched and credit eventually tightened, leading to a painful crash. Nonfarm payrolls dropped 11.7 percent from peak to trough, and today remain 6.5 percent below their prerecession levels. By comparison, U.S. payrolls declined 6.3 percent from their prerecession peak at the worst of the recession. Home prices plummeted, and residential construction came to a screeching halt. While this story is well known, Arizona turned a new chapter in 2013. Although it still has a long way to go, year-over-year residential construction growth has exceeded the national pace for the past two years. The forecast is for continued growth at a slow pace over the next 5 years. With the residential market improving and property values increasing this might be the right time to consider the home improvements that you postponed during the market crash. Genco Roofing is a full service licensed roofing contractor. So, if you're considering building a new home, remodeling your existing home or just need a new roof, call us today to schedule a free initial consultation.


  1. PASS Construction Services
    January 5, 2014

    Hi, that was great stuff. I really like reading on this subject . Could you tell me more on that… I love to explore.

    • Bob Goebel
      May 3, 2014

      Thanks for taking the time to visit our site. Please note that we removed the link to your website as it is not yet built. It is our policy to remove such links and consider them to be spam. You can contact us when your site is complete and we will reconsider adding the link.

  2. Culinary Classes Online
    December 30, 2013

    Hi! Someone in my Facebook group shared this site with us
    so I came to check it out. I’m definitely enjoying the
    information. I’m book-marking and will be tweeting this to my followers!

    Great blog and superb design.

  3. medspa specials San Diego
    December 14, 2013

    I’ve recently been thinking the identical issue myself recently. Happy to see an individual on the same wavelength! Nice article.

  4. Website
    December 12, 2013

    Τhanks іn favor of sharing suсh a nice opinion, paragraph іs fastidious, thatѕ ωhy i have read it fully