Southwest City Scoop: Construction Starts in Albuquerque
Jeffrey Mitchell Director UNM Bureau of Business and Economic Research
Mitchell says although New Mexico’s economy had been “awful” for years, activity has picked up significantly in the last six months as Albuquerque continues to be “OK, not great.” A bright spot is construction employment, he says, as evidenced by 2017 growth of 6% to 8% year over year. The future of the area around the downtown Albuquerque Rapid Transit line and implementation of the city’s unified development ordinance will continue to impact construction activity in 2018, Mitchell says.