New Construction Down, Renovations Steady in Boulder Valley

The value of building permits for new construction fell by 58% in Boulder and Broomfield Counties in 2009, even though the number of permits fell only 3%, according to "Building permit values fall 40 percent in Boulder Valley" in the Boulder County Business Report. This supports the logic that in tough times, people stay put and renovate or add on, instead of moving into a new home or office.