Unformatted text preview: e mentioned are expanding. Thus, the
broad-based recovery that is needed is still elusive.
Especially troubling is that the Construction
industry, and its allied sectors, continue to struggle.
In Weld County, single-family building permits
through September 2011 totaled 578, down more
than 100 from 12 months earlier and a loss of 62%
from 2007. In contrast, Larimer County has seen
an uptick in new single-family starts, registering 563 through September. This is an increase of
more than 200 from 12 months earlier, but still
about half of the county’s 2007 totals.
Notable growth has occurred in Larimer County
in the number of permits authorized for 5+ unit
structures. Through September 2011, a total of 28
such structures have been authorized, a gain from
25 in 2010 and 18 in 2006. Local analysts attribute
this to low vacancy rates, especially in Loveland
and Fort Collins.
Despite the modest uptick in the regional market,
housing prices are still dropping. While the popping of the housing bubble was not as cataclysmic in the region as it was elsewhere, the market
remains flat, providing builders with few strong
signals about a t...
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