Permits to build single-family homes in Colo. up
May 25, 2012
DENVER (AP) — Interest in building homes in Colorado appears to be growing.
State housing officials say that through the first three months of this year, permits for single-family home construction in Colorado are up 34 percent compared with the same time last year.
Pat Hamill with Oakwood Homes in Denver tells Colorado Public Radio that along Colorado’s northern Front Range, high rents are encouraging more people to buy. That means home prices are likely to rise, giving builders the incentive they need to start construction.