ABQ home construction falls flat
New Mexico housing construction has fallen flat. Building permits for single-family homes, an indicator of future construction, have totaled 832 so far this year, according to DataTraq. Nearly 1,800 new-home permits were pulled last year in the metro; the number for 2015 was 1,645. Each new home built creates, on average, the equivalent of three jobs for a year and generates about $90,000 in taxes. With more families and young people moving out of the New Mexico, how does that bode for future construction and job opportunities in the state?