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.