Disciplined single family builders have kept building

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Unformatted text preview: g from 11% in the first seven months of 2010 to 19% in 2011. Disciplined single-family builders have kept building activity modest. Through the first half of 2011, new home sales activity appears to be on a similar level as two years prior, according to the Genesis Group’s midyear report. Metro Denver new home sales in 2009 and L new home building activity in the multifamily submarket has been notably strong. 2010 were at their lowest levels since 1990 despite two decades of population growth. Foreclosures Foreclosure activity has steadily declined in 2011, although there is speculation that bank behavior may change, resulting in increased foreclosures in the remaining months of 2011 and into 2012. National foreclosures are down on 38% on a yearover-year basis in September, but RealtyTrac data revealed a sharp increase from July to August 2011. Still, September was the 13th-consecutive month of year-over-year declines. There was also a less than 1% increase from second to third quarter for the nation,...
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