ABQ homebuilders' biggest challenge: finding space to build

The local housing market is a seller’s market right now, with inventory low and demand high. Existing homes don’t stay on the market long and homebuilders are struggling to find available lots to build on.

John Garcia, executive vice president of the Home Builders Association of Central New Mexico, said homebuilders have maximized the area’s geographic boundaries and are expanding to Rio Rancho, Los Lunas and the East Mountains.

“It will be a tight market for the next few years, so prices…

Source: The Business Journal