1st Half of Year Disappoints

Summary

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The local housing industry ended the first half of 2008 on a gloomy note, with a continued slowdown in the pace of home construction and foreclosures well on their way toward breaking a record set last year.

Single-family homebuilding permits in Colorado Springs and surrounding El Paso County totaled 97 in June, the fewest number for any similar month since 77 permits were issued in June 1990, according to a report released Tuesday by the Pikes Peak Regional Building Department. For the first half of this year, single-family permits

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Extract

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1st Half of Year Disappoints

-- totaled 772, the lowest firsthalf total since 512 permits were issued during the same period in 1991. During the last several years, single-family home permits routinely t...

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