Here are some interesting stats from our friends at Metro Study who study new home activity along the Front Range.
- New home starts are up 14% compared to last year – this is really good news and is helping to relieve the shortage of housing inventory
- Every product type saw an increase in starts compared to last year (single family, townhome and condominium)
- Condominiums saw the largest increase in starts by a long shot, up 112% over last year- this is excellent news for first time buyers and those looking for product in lower price ranges.
Any questions about this stuff? Give me a ring or shoot me an email and I can buy you a cup of coffee!