Local News
9:11 am
Mon March 4, 2013

Home Building In Albuquerque Is At Aggressive Pace

ALBUQUERQUE, N.M. (AP) — Metropolitan Albuquerque is now seeing its most aggressive pace of home building since 2010.


The Albuquerque Journal cites (http://bit.ly/15oGC1r) figures from the housing-market monitoring service DataTraq that shows building permits for 125 new single-family homes were issued in January.


That's up 18 percent from the 106 permits a year earlier and almost double the 66 permits issued in January 2011.


The 125 permits in January could arguably be considered a stronger showing than the 130 permits issued in January 2010, when the federal government temporarily propped up home sales with its first-time home buyer tax credit.


The credit created a mini bubble in home buying from mid-2009 to April 2010.


Home building in Albuquerque appeared to hit bottom in 2011.