I won't argue about whether the economy is really recovering or not. This statistic says "A" while that statistic says "B". I can point to some anecdotal evidence, however, that says that things are getting better at least here in ABQ. It was around 2007 when the La Cuentista development began on the mesa in back of the house. They built approximately 2 dozen homes which were mostly models. It looked like things were going to develop rapidly, but then the Great Recession hit, and not another home was built. It was a higher-end development with homes going for $400K and up. For the first time in 4 years, a new home is being built. Hopefully it's a sign that things are improving. There has been a lot of construction as well to the northwest of this development so perhaps this is a harbinger of things to come.