Through April 2012 in Colorado this year, building permits issued for multifamily construction were up 125 percent, year over year, while permits issued for single-family construction were up 31 percent for the same period.
During April 2012, 884 multifamily
permits were issued in Colorado, and 1070 single-family permits were
issued. During April 2011, there were 202 multi-family permits issued,
and 857 single-family permits issued. The first graph shows permit
activity for the first four months of the year since 1998. Through April of this year, there have been 3389 single-family permits and 1992
multifamily permits issued.
second graph shows that overall, both multi-family and single-family
permits in April were at levels well below what were typical over the
past decade. During recent months, however, both multi-family and
single-family permits have shown a slow upward trend.
During April 2012, the number of new multi-family permits issued was up
from April 2011, and was at a ten-year high for April. April 2002, when 1,223 mf permits were issued, was the last time there were more multifamily permits issued during the month.
Single-family permits for April were at a four-year high. April 2008 was the last time there were more single-family permits during April.
Summary: As can be seen in the second graph, overall permit activity is building although it remains well below peak levels. Both single-family and multi-family permits were at multi-year highs during April.