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Professional Associations | Regulatory Agencies | ||||
| » NM Assoc. of Realtors | » New Mexico Real Estate Comm. | |||||
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State Associations and Agencies
Stay informed directly by the source. On both the national and state levels, our Associations & Agencies section is the place to find the latest news and information impacting the housing industry. Press Releases and Notifications are posted as they are released by industry associations and regulatory agencies.
Check back often. This comprehensive directory of Professional Associations and Regulatory Agencies is state specific and will provide the information you need. For direct access to these organizations just click any of the links above.
The National Associations page covers Professional Associations and Regulatory Agencies links in addition to the latest press coverage from respected sources including NCSHA, MBA, NAR, NAMB, Fannie Mae, FHA and many more.
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| While waiting for jobs to turn positive, builders in Albuquerque Market must keep options open |
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Metrostudy Report - (Albuquerque, NM– May 1, 2011) - Builders should consider several possible paths and plan accordingly, as persistent job creation woes keep a lid on housing demand, according to a recent report by Metrostudy, a national housing data and consulting firm that maintains the most extensive primary database on residential construction in the US housing market. As many cities across the country begin to experience modest job creation, Albuquerque has yet to pull itself into positive territory. Current estimates indicate that employment fell -0.8% by losing -3,000 jobs from last March’s total.There were 1,481 sales of existing homes in the first quarter, a decline of -3% compared to first quarter sales in 2010. “Not bad considering the frenzy of activity this time last year as first time homebuyers tried to beat the tax credit deadline” said John Covert, director of Metrostudy’s New Mexico division. There were 1,312 annual housing starts for 1Q11 a decline of -24% from the 1,729 annual starts for 1Q10. Builders also closed 313 units in the first quarter, a decline of -18% from the 382 closings in 1Q10. This was the lowest quarterly closings number counted in a Metrostudy survey. Buyers must certainly be in a better place today than two and a half years ago, when the economy was in the midst of its worst recession in 80 years,” said Covert. “Yet, the starts numbers suggest otherwise.” “Jobs will likely turn positive at some point in the next year, buyers and pricing power will return soon after, and builders will start more homes. In the meantime, builders must consider several possible paths, and plan accordingly.” About Metrostudy For information contact: |
