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More home construction finally on the way for Colorado?

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Friday, March 2, 2018 3:32 PM
Contractors obtained almost 4,000 approved building permits to start 2018, the most to start a year since 2001.

Contractors obtained almost 4,000 approved building permits to start 2018, the most to start a year since 2001, according to a review of U.S. Census Bureau data.

There were 3,875 approved units in January. And it’s encouraging news that the increase over 2017’s start is driven by single-family home construction: 2,292 units versus 1,583 multifamily (mostly apartment units).

Single-family home construction has lagged since the Great Recession in most states, including Colorado. Multifamily construction became a bigger part of the mix as homeowners were facing foreclosures and home builders went bankrupt.

To read the rest of the story, go to http://www.cpr.org/news/story/more-home-construction-finally-on-the-way-for-colorado.

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