Colorado Needs More New Construction

Dated: 05/20/2016

Views: 195

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. Toll Brothers - Toll Brothers at Inspiration - Jefferson Collection Photo

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.   

For the full article click here


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 [email protected]

Blog author image

Sheryll White

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....

Latest Blog Posts

New Listing - Denver - Under $175,000

You will fall in love with this 2 bedroom condo located at5995 W Hampden Avenue, H14 in Denver.   Centrally locatedoff of Hampden between Sheridan and Wadsworth. This home has been

Read More

7 Signals The Home You Are Looking At Will Have a Solid Resale Value

While it might seem premature to think about selling a home before you even buy it, it's important to remember that a house is an investment. And in an ideal world, investments make&

Read More

Equestrian Ranch on 5 Acres in Elizabeth, CO

OPEN TO THE PUBLIC THIS SUNDAY, OCTOBER 14 FROM 11 AM- 2 PM.This is a horse lover's dream! Gorgeous country-quiet setting yet city-close with fenced backyard adjacent to open space. Comfortable,

Read More

Women, how do we sell ourselves?

I have just finished reading a book by Rachel Hollis, Girl, wash your face! I must say this is a book that is in your face, makes you think about things you never wanted to think about, admit to the

Read More