Friday, May 10, 2013

Housing News Digest, May 10

Greeley area’s rental market now tightest in the state It’s a good thing help is just around the corner. Greeley’s rental market area has become the tightest in the state, according to numbers released Thursday by the state Division of Housing. The Greeley market’s vacancy rate for the first three months of the year sank to 1.4 percent — from 5.8 percent at the same time the year before — reversing a trend that had for years kept Fort Collins’ market one of the tightest in the states, the state survey reported. New rentals having been constructed in recent months put Fort Collins at a rate of 5.5 percent, …

  Colorado apartment vacancy rate drops for 14th consecutive quarter Apartment vacancy rates statewide continue to slide, especially in the northern part of the state, where oil and gas development has driven rents higher and vacancy rates lower, according to a report released Thursday by the Colorado Division of Housing.

  Apartment vacancies rise in Fort Collins-Loveland The vacancy rate in the Fort Collins-Loveland area rose to 5.1 percent during 2013's first quarter, rising from 2012's first-quarter rate of 3.0 percent, according to the Colorado Division of Housing. In Greeley over the same period, the vacancy rate dropped to 1.4 percent from 5.8 percent.

  Colorado Springs apartments in high demand A strong demand for Colorado Springs apartments pushed the area's multi-family vacancy rate to its lowest level in almost 12 years during the first quarter, a report by the Colorado Division of Housing and the Apartment Association of Southern Colorado shows.

  Report: Springs apartment market strong The current Colorado Springs apartment market is healthy — maybe the healthiest it has ever been. That’s the conclusion by area experts after reviewing the most recent vacancy and rent survey results from the Colorado Division of Housing. Vacancy, at 5.6 percent, is the lowest locally in more than a decade. But it’s not so low that renters are crunched, said Ryan McMaken, an economist with the division of housing. “Healthy” should not be confused with normal, said Kevin McKenna, a Colorado Springs-based broker with the Denver office of Apartment Realty Advisors. “There’s no such thing as a typical apartment market in Colorado Springs,” McKenna said. “It’s always kind of all over the place.”