Housing slowdown not evenly distributed in Denver area
By John Rebchook on November 17, 2009 · Comment · 
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Denver-area single-family home building in the Denver-area is down by 44 percent in the first nine months of this year, and townhome and condo activity has dropped a whopping 58.88 percent in the first nine months of the year. But even as the year spirals to the worst on record for building permit activity, the pain is not evenly spread.
In Denver, for example, in the first nine months of the year, builders pulled only 292 permits for single-family homes, a 56.8 percent decline from the 676 in the first three quarters of 2008. Townhome and condo activity in Denver, however, fared relatively well. Builders pulled 147 single-family attached permits through September, only 17 percent fewer than the 177 issued in the first nine months of 2008.
Read more from John Rebchook at his blog, InsideRealEstateNews.com. Rebchook wrote about residential and commercial real estate for 26 years at the Rocky Mountain News.
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