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October 8, 2018
New Home Starts
by Paul Hunter
What’s Starting?
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!