Housing remained strong, with the total number of housing unit authorizations up 21.4%. Single-family units rose 21.0%, while multi-family units jumped 45.9%. The total dollar value of construction contracts awarded during the second quarter increased 6.7%, with residential contracts up 24.4%, non-residential building contracts down 1.2%, and contracts for other than building were also down.

There are currently 243,001 households in Albuquerque. The Census revealed household counts of 220,936 in 2000, up from 185,579 in 1990, representing a change of 19.05%. It is estimated that the number of households in this area will be 264,683 in 2010, representing a change of 8.92% from the current year. For the current year, the average household size in Albuquerque is 2.46 persons.

The median housing value in the Albuquerque area was $84,356 in 1990, compare this to the MSA-Albuquerque NM median of $81,425 for the same year. The 2000 Census median housing value was $123,086, which is a 45.9% change from 1990. In 1990, there were 112,589 owner occupied housing units in this area vs. 220,936 in 2000. Also in 1990, there were 72,990 renter occupied housing units in this area vs. 80,302 in 2000. The average rent in 1990 was $351 vs. $540 in 2000.

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