Summary
Housing construction and mortgage foreclosure numbers in El Paso County improved somewhat during May, but fell short of offering meaningful signs of a recovery from the worst housing downturn in nearly two decades.
The 108 new single-family home permits issued last month by the Pikes Peak Regional Building Department were the highest monthly total since the same number were started in July, but were still down 40 percent from the same month a year ago, the department reported Monday. Local housing construction has declined every month from the same month from a year earlier for 3? years. Single-family home construction was down 44.6 percent in the first five months of the year from the same 2008 period.See the full content of this document
Extract
Better, but Not Out of Woods
Meanwhile, the 468 mortgage foreclosures started in May were down 13.2 percent from...
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