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Even as the report was making its initial round, the very foundations of its predictions were crumbling into the sand. After reaching its peak during the summer of 2006, the housing boom deteriorated, and the construction industry, which had provided nearly 1 in every 10 jobs in the Phoenix area, was hemorrhaging. The state’s estimates of population, which were based on the assumption that nearly all the new houses that had been built since 2000 were occupied, were proven wrong, because at least one out of ten of those new homes turned out to be empty.
Nevertheless, in 2009 the lead authors of the Megapolitan report, while admitting that their projections now sounded a “little out of tune,” continued to believe that the growth would return.
It hasn’t. And it won’t, at least not anytime soon.
Read the rest of this post at the HCN Goat blog, where I'll continue to delve into this question: With the housing boom gone, where does the West go now? What will it mean for cultures, communities and the environment?
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