Tuesday, June 10, 2008

Building Permits Way Down

Before the city of Albuquerque went to Web posting and associated fancy stuff, one could get a month's building permit data by the 10th or so of the following month. The report was a seven page spreadsheet, photocopied. Now the most recent building permit data I can find at www.cabq.com is for 2007. However, the figures somehow get to HousingEconomics.com, an arm of the National Association of Home Builders. The figures are in thousands and are for metro areas. Even getting metro Albuquerque figures is an accomplishment. I think five entities issue permits. Metro Albuquerque issued 860 permits for single family homes during the first four months of 2008, down 35% from 2007. New Mexico's metro areas are basically out of the apartment construction business with permits issued for all of 230 units so far this year.

SINGLE-FAMILY
YTD YTD YTD YEAR
Apr-08 Apr-07 PCT CHG Tot 2007

New Mexico 1.90 2.99 -36% 8.23
Albuquerque NM 0.86 1.32 -35% 3.70
Farmington NM 0.09 0.13 -33% 0.37
Las Cruces NM 0.33 0.59 -44% 1.37
Santa Fe NM 0.05 0.11 -54% 0.28

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