As of June 30, 2007 the City of Hartford maintained the following supply of approved lots. These lots, by housing classification, are as follows:

These numbers indicate approved units for which building permits have not yet been issued, and do not necessarily indicate the number of lots available for sale.

These vacant parcels are located in the following developments:

Autumn Ridge Phase I
Borlen Farms
Gateway Estates
Kissel Ridge
Kissel Ridge Add. #1
Mount Vernon
Northview Highlands
Partridge Hollow I & II
Partridge Hollow III
Red Oaks Phase I
Red Oaks Addition #1
Scenic Point
Simon's Pleasant Valley
Schwendimann Hills
Skyway Park
Summerwind
Western Hills (Both Phases)
Western Hills (West) Phase I
Western Hills (West) Phase II
Western Hills (West) Phase III
CSM/Other

Black's Subdivision
Bridlewood
Hartford Square II
Mount Vernon
Red Oaks Phase I
Red Oaks Addition #1
Scenic Point
Simon's Pleasant Valley
Skyway Park
Sunnyslope
Windsong Crossing

Autumn Ridge Phase 1
Bridlewood
Gateway Estates
Hartford Square II
Hunter's Ridge
Red Oak Condominiums
Ridgedale Condominiums

Future Additions to the Parcel Inventory

Residential developments receiving all required City & State approvals include:

Borlen Farms
  201 Single Family
   
Schwendemann Hills
   36 Single Family

Hartford Square II
   82 Two Family
   88 Multi Family
 
Mount Vernon Estates
    5 Single Family
  22 Two Family   

Partridge Hollow Phase III
   26 Single Family

Red Oak Country Estates Phase I
   36 Single Family
   20 Two Family

Red Oak Condominiums
   48 Multi Family

Ridgedale Condominiums
   72 Multi Family

Windsong Crossing
   68 Two Family
 

Residential developments receiving preliminary Common Council approvals include:

Partridge Hollow Phase IV
   27 Single Family

Zeeba Hills
  14 Single Family
  31 Multi Family


Summary:

The projects noted above encompass a range of housing types.  Taken together, they appear to mesh well with the City's commitment to providing a range of housing types appropriate to an urban community.  The ongoing commitment to providing single family housing affordable to people employed in the community will also remain crucial to the City's continued economic development.

Overall, the State and Southeast Wisconsin housing markets have slowed.  Foreclosures have increased across the state and the City will not be immune from these.  Due to increased foreclosures and a "cooling" of the housing market, the supply of existing homes will increase causing home prices to level off or even decline.

In 2006, multi-family housing construction in the City saw a large increase from the previous five years.  Staff expects some of this increase in multi-family construction to carry over into the rest of 2007 due to the slowing single-family housing market and an apparent increased demand for apartments.  Commercial development is expected to dominate 2007, with residential permit numbers being similar to 2002 levels.