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Colorado Needs More New Construction
The tight resale market in Colorado suggest that new construction should be an option. Unfortunately, not enough building permits are being pulled to meet the demand.
Colorado's population rose by almost 102,000 people last year, but the state added only 25,143 new homes, condos and apartments to accommodate those newcomers, according to updated estimates from the U.S. Census Bureau.
The division of those two numbers explains the multiplication of headaches for anyone trying to buy or rent a home along the northern Front Range: The average household size in Colorado is 2.5 people. That means the state should have added 40,500 housing units. Instead, it is running 15,000 homes short of where it should be, adding to a deficit that has been mounting since 2012.
Kim Powelson is a professional Colorado real estate broker. Kim has been serving her clients for over 19 years in Denver, Colorado. Kim serves all of the metro area including Cherry Creek, Aurora, Arvada, Westminster, Thornton and Greenwood Village. If you are considering buying or selling in Colorado please give Kim a call 303-378-9029. Or email Kim at Kim.firstname.lastname@example.org
As a Full Time real estate agent for the past 23 years, Sheryll has helped hundreds of home owners in Colorado buy and sell their homes. Sheryll's easy going, no pressure style and her in depth knowl....
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