The Census Bureau released new permit data in late August:
Through July 2012 in Colorado this year, building permits issued
for multifamily construction were up 154 percent, year over year, while
permits issued for single-family construction were up 33 percent for
the same period.
During July 2012, 866 multifamily
permits were issued in Colorado, and 1,245 single-family permits were
issued. During July 2011, there were 546 multi-family permits issued,
and 961 single-family permits issued. The first graph shows permit
activity for the first seven months of the year since 1999. Through July
of this year, there have been 7,243 single-family permits and 4,402
multifamily permits issued.
For July alone, multifamily permits were up 58 percent and singlefamily permits were up 29 percent, compared to June 2011.
second graph shows that overall,both multifamily and single-family
permits continue to move upward with the most recent three months being
particularly active in multifamily permitting.
July 2012, the number of new multi-family permits issued were at the highest level recorded during any July since July 2001 when permits totaled 1,748.