New housing falls far short of rising population in Colorado

The state added only 25,143 new single-family homes, condos, and apartments in 2015, about 15,000 homes short of what was needed to accommodate a population increase of 102,000.

By Peter Fabris, Contributing Editor | June 22, 2016
New housing falls far short of rising population in Colorado
New housing falls far short of rising population in Colorado

Colorado’s population rose by almost 102,000 people in 2015, but the state added only 25,143 new single-family homes, condos, and apartments to accommodate the influx, according to updated estimates from the U.S. Census Bureau.

The average household size in Colorado is 2.5 people, so to keep up with demand from the growing population, the state should have added 40,500 housing units. The 15,000-home shortfall from last year has added to a deficit that has been growing since 2012.

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