By Tom Wright May 14, 2021 Updated May 14, 2021 The latest report from the U.S. Census Bureau was revealing to New Mexico. We only grew 2.8 percent… Read More
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?