More home building permits were pulled in 2015 in Albuquerque when compared with 2014, reports Stephanie Guzman of Albuquerque Business First. She cites data released by the Albuquerque New Housing Market Letter, a monthly publication of DataTraq.

Home builders pulled 69 more new home permits last year, from 1,576 permits in 2014 to 1,645 permits in 2015. Big time builders led the way in permits pulled as PulteGroup was responsible for 411, mostly in Northwest Albuquerque and in Rio Rancho, while D.R. Horton pulled 335 permits, most of those in its Lomas Encantada community in Rio Rancho.

Activity was also up in December alone as there were 61 active subdivisions and 156 permits compared to 95 permits in December 2014. December's activity was the fourth-highest month in permit activity for the year, after the busy home building months of May, June and July. The majority of December's home permits were in the $150,000 to $200,000 range.

Read more >