construction
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‘Housing mismatch’ improving in Colorado Springs, but residents losing purchasing power: Report
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Residents in Colorado Springs and El Paso County are losing purchasing power as average rental housing and home prices over the last decade have increased more than two to three times that of average incomes. At the same time, a “housing mismatch” between the types of homes being built in the area and the homes…
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Affordable housing south of downtown to receive $12.8 million from Proposition 123
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A planned affordable apartment building at the south end of downtown Colorado Springs was one of the major recipients of the state’s affordable housing funds awarded last week. The Office of Economic Development and Trade announced that the Bristow House development will receive $12.8 million in funds through Proposition 123, which voters approved in 2022…
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Gov. Jared Polis says Trump’s tariffs policy is disrupting Colorado’s exports, jobs
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A report released Thursday by Colorado’s governor said President Donald Trump’s tariffs policy is disrupting the state’s economy and courting a recessionary scenario. State economists have, in fact, been sounding the risk of a scenario for a year — preceding both the White House’s tariffs changes and the congressional budget that Democrats blamed for Colorado’s…
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Colorado Supreme Court considers restoring multimillion-dollar award to RTD subcontractor
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The Colorado Supreme Court announced on Monday that it will consider whether the Court of Appeals incorrectly threw out a $5.7 million award to a company that helped build a commuter rail line and, in doing so, endangered the ability of contractors to seek money they are owed going forward. At least three of the court’s seven…
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Apartment construction slows after years of frenzied building in Colorado Springs
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The red-hot pace of Colorado Springs-area apartment construction turned ice cold last year. From 2019 to 2023, multifamily developers pulled permits to build just over 14,000 apartments in the Springs and surrounding El Paso County — one of the hottest stretches of local apartment construction in recent memory that averaged a little more than 2,800…
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Colorado Springs apartment rents slumped again in the first quarter, new report shows
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Colorado Springs apartment rents fell again in the first quarter and the area’s vacancy rate remained high, more signs that the local multifamily market is overbuilt, a new report suggests. And, expect those trends of softer rents and higher vacancies to continue unless the pace of absorption, or apartment occupancy, ramps up significantly, one of…
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Meeting future El Paso County road needs would cost $2.44 billion
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El Paso County would need $2.44 billion to build all the projects outlined in a new transportation plan nearing completion. The Major Transportation Corridors Plan outlines 20 years of projects for the community and helps guide the roadwork that El Paso County requires of developers putting in new neighborhoods. It also helps calculate the road…
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El Paso County begins yearslong process to update zoning code
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El Paso County is starting a yearslong process to update its land-use development code, a document that will shape where and how new homes and businesses are built. The county’s development code was last updated 17 years ago, when about 588,000 people lived in the community. Since then about 151,000 new residents have moved in,…
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Colorado Conversations – Construction Defects
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In this latest Colorado Conversations town hall, Proponents and critics of a legislative proposal aimed at spurring more construction of affordable condos clashed on March 28, 2024.