Single-family home construction, which got off to a slow start this year in the Albuquerque metro area, still trails the 2014 homebuilding pace through the first nine months of the year, according to DataTraq.
Building permits were issued for 1,255 homes throughout the metro area from January through September, down by a little over 3 percent from 1,298 homes during the same period last year, DataTraq reports. In a month-to-month comparison, permits were flat at 155 in September this year compared to 154 in September 2014.
Homebuilding reached a five-year high in 2014 with permits issued for 1,576 homes. A record high of 9,445 permits was issued in 2005, and a roughly 30-year low of 1,192 was issued in 2011. In historical terms, an average of about 4,000 permits were issued each year in the 1990s, according to DataTraq and HBA data.