ABQ housing starts hit new low - South Florida Business Journal:

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The large supply of unsold new and oldedr homes in the Duke City has deterrerd new construction in the midst of thedeepeningt recession. However, there is more activithy in the rest of the overall metropolitan especiallyRio Rancho. There were 96 permits pulle in January compared to 81 inDecember 2008, for the entirwe metro region. The 96 permits were the most since last July, when 196 were issued. The winterf months are traditionally the slowest forhome builders. In Jan. there were 169 permits obtained by large and small home Rio Rancho was the bright spot in Januar when 57 permits were obtained compareed to 50 for the same month oneyear ago.
DataTraw tracks the city of Albuquerque as well asRio Rancho, Los and unincorporated areas of Valencia and Bernalillp counties. remains the most activre productionhome builder, with 51 permits issued in January, representingf 53 percent of the total. Its North Meadowsz subdivision was themost active, with 17. For the past 12 Horton has obtained 443 permits while wasissues 241.