the new constuction reamins enemic and probably will stay that waythrough 2011. hard to see real improvement until the froclosure mess has reached its zenith and the properties are thta are being forclosed on now are sold and don't rpesent a drag on pricing.
| permits issued | |||||||
| one unit structure | includes multi family | ||||||
| permits issued | 405 | 539 | |||||
| peak year | 1798 | 2393 | |||||
| issued drop from peak | 77% | 77% | |||||
| five year average | 842 | 1160 | |||||
| issued drop from five year | 52% | 54% | |||||
| 50 year average | 923 | 1406 | |||||
| issued drop from 50 year | 56% | 62% | |||||
| housing started | |||||||
| one unit structure | includes multi family | ||||||
| starts issued | 452 | 610 | |||||
| peak year | 1823 | 2494 | |||||
| starts drop from peak | 75% | 76% | |||||
| five year average | 887 | 1132 | |||||
| starts drop from five year | 49% | 46% | |||||
| 50 year average | 1071 | 1502 | |||||
| starts drop from 50 year | 58% | 59% |
A top selling real estate agent in the Billings, Montana area specializing in residential and multi-family properties. Licensed for 27 years, maintains a large statistical file of real estate data
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