A small surprise... Rio Rancho permits rose 54% over January for a total of 93.
Albuquerque continued to lag. Only 31 permits were pulled for the entire city.
Most of the permits were for outlying subdivisions so sprawl is still happening... just at a slower pace. My guess is that trend will continue with the availability of up to $8,000 in stimulus money for a home buyer. That is certain to draw a number of first-time buyers into the market and many of those buyers will purchase entry level homes.
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