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Market Trends

The COVID Effect: Denver Home Building Activity Lags in 2020

The COVID Effect: Denver Home Building Activity Lags in 2020

Home & Design, Market Trends
Builders scramble to adapt to changing consumer trends & overcome COVID delays, but Denver home building activity remains below last year's. Consumer trends are changing, and home purchases are coming in at a frenetic pace. In this article by Housing Tides, HBA of Metro Denver compares 2019 & 2020 permit data, emphasizing 2020's slower pace which is leading home builders to adapt quickly in order to overcome year-end challenges. 2020's Rough Start: Home Builder Production Set Back by Over Two Months When the COVID-19 pandemic hit in March of this year, the Denver Metro Area’s home building industry was stunned. Builder sales offices were open on a very limited basis. Uncertainty gripped the marketplace. Builders paused production. How could operations be...