B estimated c forecast sources department of census

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Unformatted text preview: n July and August 2011 rose 8.2% compared with 2010. Resale activity year-to-date through September 2011 was unchanged from 2010. Demographic Demands The 2010 census reported that Colorado grew by more than 55,000 households per year during the previous decade, and the state will average about 35,000 new households per year through 2015. Yet recent annual activity has added only about 10,500 units. As households delay moves that would accommodate changing family needs, pentup housing demand will grow. Continued slow growth in the housing supply will eventually have to increase to meet deferred demand. With growth in housing units outstripping growth in households from 2000 to 2010, there is a possible excess of 90,231 housing units. However, many Colorado housing units are for seasonal or occasional use, particularly in rural, resort, and center city urban areas. In fact, of the 10.8% total housing unit vacancy rate, only 4.2% was for-sale and for-rent units—the balance, 6.6%, was seasonal, migrant, or other....
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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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