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Conclusion <br />Residential Construction Remains Stable <br />Single family residential construction continued and so did multi -family <br />construction with the Habitat project and a proposed future multi- <br />family project in Waters Edge. <br />Successful New Residential Projects <br />Indicative of recovering market <br />Building activity will continue to increase with new phases of <br />developments and entirely new developments like the proposed 314 <br />unit development, Adelaide Landing. <br />The first stormwater re -use systems within a residential development <br />was installed and run successfully the last part of the summer in <br />Clearwater Cove. <br />❑ Foreclosures continue to decrease. <br />PStaff continues to receive calls and meet with developers <br />that are interested in Hugo. <br />