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Originally Posted by seventwenty
Even then, new homes are on the higher side of the price range.
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Housing starts in metro Denver, as measured by Metrostudy, are now at their highest level since 2007, and Covert expects the pace to quicken and that builders will complete 10,000 new homes this year. He called 10,000 homes an important milestone,
but it is only half the number metro builders achieved during the peak of the housing boom last decade. It also remains far short of what is needed to keep pace with the region’s population growth.
It's amazing that in the face of one of the biggest booms in Denver history and some of the sharpest rises in housing prices in the country, the market has been so, so slow to to respond and build new single family homes. Even now, the response lags.