These numbers are small and the headline does not tell the story. Yes, building permits have increased but when you go from about zero, any little bit will make a difference. DR has added some low priced starter homes that and I suspect that much of the increased permits are these. Both DR and Pulte have done a good job adjusting to the market and have the financial backing to get through this market. Many of the smaller builders and custom builders are not building “specs” right now. They are trying to get rid of any inventory they have and are only building if pre sold. The thing is… you can buy existing homes for less that it would cost to build right now, especially when you look at custom and higher end homes. The good news is that homes are selling and eventually demand will catch up with the supply. Here is the story...
Rio Rancho home construction surges - New Mexico Business Weekly:: "Home building permits surged in February in Rio Rancho, lifting the entire Albuquerque-metro area to post a 54 percent increase over January’s permit numbers, according to publisher Jan DeMaggio’s Albuquerque New Housing Market Letter."
Venturi TeamKeller Williams Realty
Tracy: (505) 263-2526
Tego: (505) 263-0556
Albuquerque Real EstateRio Rancho Real Estate
Albuquerque citizens will be glad to know that elegant and sophisticated affordable housing is on its way in the downtown area.
ABQJOURNAL NEWS/STATE: Building Begins on 72 Affordable HomesVisit our supersite for more information on
Rio Rancho real estate and to search for homes or land in Albuquerque and Rio Rancho.
A rift is growing on where to build new soccer fields on Albuquerque's West Side. Ventana Ranch had been on the table for soccer fields and now suddenly that plan has been challenged due to an offer from SunCal (A Westside Developer) seeking to donate 45 acres near I-40 and Paseo del Volcan. For more information read the link below from the Albuquerque Journal.
ABQJOURNAL WEST: SunCal Offers 45 Acres
There has been a lot of news lately about programs available for homeowners that are having trouble making their mortgage payments. With all the bombardment of news it’s easy to get confused about what is available. Hope Now would be a good place to start.
"HOPE NOW is the industry-created alliance of non-profit counselors, mortgage servicers, investors, and other mortgage market participants that has developed and is implementing a coordinated plan to help as many homeowners as possible prevent foreclosure and stay in their homes. For more information go to http://www.hopenow.com/"
Here is a story on what is available on-line for homers needing help.
Borrowers can file for help online: "Anticipating a flood of requests from troubled borrowers hoping to participate in the Obama administration's plan to modify or refinance up to 9 million loans, the HOPE NOW coalition of mortgage servicers is taking applications for assistance online."
Search for
Albuquerque Homes for sale.
