Here's an interesting data point from CREJ that I find somewhat shocking, and contrary to many of the broad discussion points on this board for years:
While more residents began renting, their share decreased. While the number of Denver renters went up by 17% in the past decade, the number of homeowners increased faster, by 21% since 2010. The share of Denverites who rent shrunk by 2% since 2010, down to 45% at the end of the decade.
The figures come in contrast with growth trends on a country level – the renter population grew two times faster than the owner population in the past decade, and the tenant share expanded by 3%, up to 34% in 2018.
https://crej.com/news/accelerated-gr...s-past-decade/
Can this be right ? Despite all the apartment construction, the population boom, and the general sense that both SFH and condo construction has not kept up with Denver's rapid growth, the
percentage of persons who own vs. rent has gone UP in Denver in the last decade???
I'm really surprised. (though interestingly, the share of renters (45%) in Denver is much higher than nationally (34%), but per CREJ, it was that way here BEFORE the boom).