Inflation impacts new-home permit values

The single-family detached home construction industry in Northern Colorado is well on its way to recovery.

The number of permits pulled in March was 200, up from 125 in February and only 94 in March 2011. The March number was last seen in 2007 and is still less than one-third the peaks reached in 2004 and 2005. In other words, we still have a long way to go before we regain the exuberance of the home construction boom. But we’re much better off than the metropolitan areas that really boomed, such as Las Vegas, Southern California and many communities in…