HOUSING STARTS IN THE ALBUQUERQUE AREA ARE STILL IN THE DOLDRUMS. THROUGH SEPTEMBER, BUILDING PERMITS WERE OFF MORE THAN THREE PERCENT FROM A YEAR AGO.
JOHN GARCIA, HEAD OF THE H-B-A, THE LOCAL HOMEBUILDING GROUP, SAYS THEY THOUGHT THE THIRD QUARTER WOULD BE AN IMPROVEMENT OVER THE SECOND QUARTER OF THIS YEAR. HE ADMITS THEY’RE DISAPPOINTED THAT THE HOUSING MARKET HAS NOT RECOVERED AS MUCH AS THEY THOUGHT IT WOULD THIS YEAR.
GARCIA TELLS 770 KKOB NOT MUCH WILL CHANGE UNTIL THERE’S MORE JOB AND POPULATION GROWTH IN ALBUQUERQUE AND ACROSS THE STATE. THE METRO AREA IS ON PACE TO HAVE BETWEEN 15 HUNDRED AND 16 HUNDRED HOUSING STARTS THIS YEAR…ABOUT THE SAME AS 2014.
