Housing Trends

Townhome construction has surged in the last 12 months.  This is welcome news for first-time buyers who benefit from the lower prices that multi-family product tends to provide. According to the National Association of Home Builders, townhome construction has jumped up 28% compared to the previous year. Townhomes now represent 13% of all new residential […]

Records continue to be broken in real estate, including the rental market. Rents just rose another $2 per month to $1,594, a new record. The annual rent growth of 13.5% nationally in 2021 was more than double any previous year, and apartment absorption counted nearly 600,000 units, which is roughly 50 percent more than the […]

Along the Front Range we have gone from two weeks of inventory to three weeks. For much of the Spring, there was only two weeks of inventory on the market in most areas. Meaning, it would only take 14 days to sell all of the homes currently for sale. Now, because the pace of sales has slightly […]

New home construction is behind by 5.5 million homes over the last 14 years. Since 2007, new home starts have lagged significantly behind the long-term average. The Census Bureau started tracking National new home starts in 1958. Between 1958 and 2007, an average of 1,102,938 new homes were started each year. Between 2007 and 2020 the […]