After a period of uncertainty for developers and builders in the Denver metro area, the pace of construction is starting to pick up again. Several factors are helping bring projects out of pause mode and back onto the schedule:
- Mortgage rates have stabilized just under 7% after months of volatility, creating a more predictable environment for planning and financing.
- The housing shortage remains significant with an estimated 4.5 million homes needed nationwide as of mid-2024, keeping demand strong despite higher costs.
- Tariff impacts have shaken cost forecasting for key materials like steel, lumber, gypsum, and aluminum, but the market is adapting.
- Colorado has launched a Tariff Burden Reduction ...