Even if population growth in metro Denver came to a screeching halt, the region would still need to add tens of thousands of new homes to cover a deficit that built up after a decade of under const…
Construction continues at a new subdivision called Pintail Commons by Landsea Homes in Johnstown, Colorado on June 10, 2024. Nearly a third of home purchases in Colorado involve a new home, which is at historic high for the state. Pintail is pricing its home at some of the lowest prices along the northern Front Range.
Zillow defines missing households as those living with non-relatives and then subtracts out the number of vacant units to determine the housing deficit. Such families and individuals are key candidates to move out and create a separate household. Nationally, 15.1% of the households doubling up could afford a place of their own. But in Denver, that ratio is only 5.1%, one of the lowest shares outside of California. Theout by passing a law, effective July 1, that bans residential occupancy limits or caps on how many people can live in a single home.
“Flat rent growth signals a healthy balance of new supply offsetting new demand,” said Rob Warnock, a senior research associate at Zillow.Small part of famed El Chapultepec building will be saved as Monforts reach compromise with Historic Denver
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