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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (94761)	11/15/2007 11:42:00 AM
From: Les H	Read Replies (2) \| Respond to of 306849

KB Homes, another national home builder, hasn't pulled a permit in northern Colorado in quite some time, said Dotti Weber, executive director for the Homebuilders Association of Northern Colorado. Summer 2006 seemed to make the downturn more of a reality when Lennar, a national home builder, left the northern Colorado market. That's also when the city of Greeley started seeing the building permit numbers plummet. Numbers continue to slide. "Most everyone pulled their projects in and saw the writing on the wall," said Tim Swanson, chief building official for Greeley. "Most of the home builders have just not been throwing them in the ground the way they were. ... We issued 14 single-family dwelling permits in October. We projected that we'd do 175 for the year and we're still on track. But, in 2005, we did 750." greeleytrib.com