Home Building In Albuquerque Is At Aggressive Pace

Mar 4, 2013

Metropolitan Albuquerque is now seeing its most aggressive pace of home building since 2010.

The Albuquerque Journal cites 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.

Information from: Albuquerque Journal.

Copyright 2013 The Associated Press.