Gazette: Pace of Local Homebuilding Doubles

In an article published on March 1, 2013, the Gazette says that homebuilding in Colorado Springs has doubled from a year ago at this time. Single-family homebuilder permits have increased from 220 in February of 2012 to 398 this February.

This is really good news for Colorado Springs real estate, as the numbers of permits can reflect the future economic outlook builders have for the local economy.



The Gazette says:

         "The number of permits issued for housing construction is a key barometer of the local economy,  employing thousands of people and generating millions of dollars in taxes on the purchase of building materials. That tax revenue helps fund basic services such as public safety, roads and parks."

Other good news is that foreclosures are down, in fact, they are the lowest in monthly total since December of 2006.

The data definitely shows that economic recovery is beginning in Colorado Springs.

Read more: http://www.gazette.com/articles/year-151666-february-last.html#ixzz2NGjzgRVL