Home out of Range: 62% fewer homes for sale in 2021
FOX31 Problem Solvers story on Denver's housing market that keeps setting new price records because inventory continues to drop across the metro area.
Fox31's Rob Low reports - originally aired Monday May 10, 2021
“We’re building as fast as we can right now,” said Ted Leighty, the CEO for the Colorado Association of Homebuilders.
“We haven’t been able to keep up with population growth,” added Leighty. U.S. Census figures released last month show Colorado’s population grew 15% in the decade from roughly 5 million people in 2010 to 5.77 million people in 2020.
“There’s just not one solution to this. We didn’t get here because of one reason,” said Leighty.
One of the newest dilemmas is the rising price of lumber. Watch the story with interview.