Phoenix Economy:Housing-Driven?

The Arizona Republic has undertaken a very eye-opening series on what makes the Phoenix area economy really tick.

According to the analysis, it's the housing industry that accounts for the biggest part of the region's economy.

I am not overly surprised by that, but at the same time the extent of the housing industry's influence in shocking. It says that the Greater Phoenix Economic Council (GPEC) and its local partners are in store for lots of hard work in the years ahead to offset this trend.

More here.