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In fact of the 108 total housing unit vacancy rate

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Unformatted text preview: Forecasts The decline in housing demand has significantly impaired the supply capacity of the housing industry. Some regional and national builders have failed or have exited the Colorado market. Numerous small homebuilders have failed, while others still exist but cannot finance new housing construction. 2012 Colorado Business Economic Outlook However, several of the nation’s largest homebuilders with operations in Colorado have taken the necessary steps to survive. These actions include dramatic downsizing, charging off the value of high-priced land holdings, and operating only in the best market areas where they can compete with the resale market. The year 2011 is projected to see a modest 3% decline, to 8,500 single-family permits in Colorado. Continued weak demand is anticipated, with 9,350 single-family permits forecasted for 2012. The housing downturn has now affected upper price segments. As a result, the increasing permit value of new homes slowed from the 6-10% increases of...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.

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