Builder magazine has recently revealed the top housing markets to watch in 2011 and we here at Trilogy Partners were delighted to see that a Colorado market made the list of 22 “intriguing markets.” All 22 markets appear on the Builder Health Market, which scores the top 100 housing markets based on the number of building permits pulled. Check out what Builder magazine had to say about the Denver-Aurora-Broomfield market.
The Denver-Aurora-Broomfield housing market was named as one of the top markets to watch in 2011.
The Denver-Aurora-Broomfield market was at number 40 out of the top 100 markets and has a projected building permit forecast of 8,178 for 2011. According to Builder magazine, Denver has already moved into the recovery stage as foreclosures are down 9 percent since 2008. Denver was the 24th largest housing market last year and has a growing population as more people are drawn to the nearby scenery and recreational opportunities. Additionally, the unemployment rate in that area is below the national average and building permit activity rose by 22 percent last year, which leads to the expectation for a faster increase in 2011.
It’s exciting to hear about such great things going on in Colorado’s building industry! You can check out Builder magazine for additional information.
Photo credit: Denver-travel-services.com.
