Las Cruces New Home Construction and Sales Are ‘Strong’
8th Top Market for Home Construction
Everyday I get asked “How is the Real Estate Market doing? I finally have an authoritative answer. Anarticle in the September issue of Business Week Magazine focuses on a Top 10 list of strong, consistent building markets. The article names Las Cruces the number 8 place in the country. Las Cruces had a year-over-year (2009 v 2008) increase in all building of 11.6% including a 1,841% increase this year in multifamily building permits. The full article can be found at Business Week – Top US Markets For New Construction
This comes as no surprise to me, as Las Cruces appeared to suffer the least from the economic downturn out of all of the small-metro and metro areas in our part of the country. That’s not to say our cost of living didn’t go up slightly and the general population was fairly worried, but new, privately owned housing units are going up everywhere in the Las Cruces suburbs. The best part is that these housing units are actually selling.
There are two major bank franchises here in Las Cruces: Wells Fargo and Bank of America. along with with smaller, local banks and credit unions. Our financial institutions for the most part didn’t take part in subprime lending; as a result, these local institutions were able to assure their customers that they had nothing to worry about when the economic picture looked so bleak. I think this certainly helps contractors and builders feel safer when they start another project. That, coupled with ‘SOLD’ signs going up on these new homes, encourages our building market even further.
Retirees, families, and recent college graduates consistently move to Las Cruces because of the job opportunities, the quality of life, the mild climate, and the size; there’s enough to do here, but there isn’t the overwhelming atmosphere of a city. Even though people from the Northeast and Midwest are relocating to our city for all of these reasons and our population is growing, I haven’t seen Las Cruces lose its Southwestern, localized feeling; like I’ve said before, no one is too busy to say hello or hold a door open.
The Business Week article continues on to tell readers and consumers that are potentially looking to relocate outside the big cities that wonderful small metro areas, like Las Cruces are safe economically stable and have steady controlled growth.
Las Cruces has been getting great reviews from magazines and newspapers for years, but I know that when you actually visit Las Cruces is when you’ll fall in love.
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Evelyn Bruder: CRS, GRI, ABR, E-PRO, Las Cruces Cyberstar
The Evelyn Bruder Dream Team http://www.homesforsaleinlascruces.com
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