Doom, Gloom and Reasons for Housing Optimism
Recently, news outlets have written that home construction and sales are plunging and crashing, with some arguing that we’re at “peak housing.” We’re not so worried yet.
Recently, news outlets have written that home construction and sales are plunging and crashing, with some arguing that we’re at “peak housing.” We’re not so worried yet.
Denver single-family permits are trending down, totaling 1,024 in August and 858 in September. However, despite underperforming the forecast, the decline appears to be seasonal, with the permit totals little changed from one year ago (1,007 in 08-2017 and 902 in 09-2017).