Albuqueruqe is undergoing the 5th housing shortage in the last 100 years, with intense pressure to add new housing. Based on economic growth announced over the next 3 years, current analysis indicates the market is underserved by 18,263 housing units.
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Market update
Feb 16
ULI NM releases Espanola housing report – cites over !~20,000 new jobs from Los Alamos National Laboratories moving into Espanola and desperate need for more housing.
The New Mexico chapter of the Urban Land Institute, has released its report from the September 2022 housing summit, detailing solutions for new development to meet the pressing housing shortage. The report can be read here.