Rio Rancho, New Mexico, is experiencing unprecedented growth as many believe the United States is headed toward a recession.
Rio Rancho Mayor, Gregg Hull, offered a glowing report of the city’s development, stating home building permits are back to pre-recession levels in the mid-2000s. Supply chain issues and rising costs that are plaguing the rest of the nation are not slowing things down in Rio Rancho, KRQE reported.
“I’m proud to say the investments we are making in local government personnel, facilities, quality of life, and public safety resources in infrastructure will help keep Rio Rancho moving in the right direction for years to come,” Hull said.
In 2021, 1,054 new single-family home permits were issued, the most since 2007, according to KRQE. Many of the new developments are outside the center of Rio Rancho. The Village, a 65-acre development in the Unser Gateway area, will offer a variety of retail vendors, restaurants, and a food store.
“I love it,” Rio Rancho resident, Chris Lalley, told KRQE. “I think we need more growth out here. I don’t want to become like Albuquerque but, the more growth there is, it’s probably going to be better for the economy.”