Good News in Low Numbers

Housing starts continue to decline in Albuquerque/Rio Rancho. And, except for the builders and their tradespeople, that is good news. A major difficulty with our market at the moment is too much inventory so fewer new homes can only help.

• Permits issued for the metro area (189 in June) were down 15.6% from May.
• By contrast, June of '07 saw 605 permits issued.