Valley new-home permits dip during Feb.

"New-home building permits and sales across the Valley both dropped slightly in February, according to RL Brown's Phoenix Housing Market Letter.

Last month, there were 1,297 single-family building permits issued, compared with 1,370 in January. New-home sales, or closings, fell to 1,813 from 1,848 in February."

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Valley new-home permits dip during Feb.