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This graph indicates that the average value of a new home constructed in the City of Ramsey is <br />declining and that this trend stmed in April and has continued through the month of November. In <br />addition, the graph also shows when the new building permit valuation fees were implemented. <br />As a point of reference, in 1994 the average new home value was $95,871 with 248 new home <br />permits. This would tend to support the assumption that the average value is declining as the <br />average value for 1996 is $93,944 using 196 new homes. Should this trend continue, the City <br />may want to review the possible causes of its continuation. Some possible causes may be that the <br />type of lots available have become less desirable, that too many plans are being reviewed by a <br />single individual resulting in missed details or that the market is somewhat starved for lower priced <br />homes. <br />Should you have any comments or suggestions for the month end reports, either in their content or <br />layout, please let me know. <br /> <br />Attachments <br /> <br /> I <br /> I <br /> I <br />i <br />I <br />I <br />I <br />I <br />I <br />I <br />! <br />I <br />I <br />I <br />I <br />! <br />I <br />I <br />I <br /> <br /> <br />