Tuesday, May 1, 2012

Housing News Digest, May 1

Rent growth highest in decade The average rent for apartments in metro Denver rose 4.5 percent from the first quarter of last year to the same period this year, according to a report released today. The report by the Apartment Association of Metro Denver and the Colorado Division of Housing shows the first quarter’s year-over-year growth rate of 4.5 percent was the largest rate of growth reported during any quarter over the past 10 years.

During the first quarter of this year, the average rent in metro Denver rose to $952 from last year’s first-quarter average rent of $911. The average rent has not grown by more than 4.5 percent, year over year, since the third quarter of 2001 when it grew by 8.7 percent.

Sharp rise in metro Denver rents in Q1 Rents at metro Denver apartments jumped 4.5 percent in the first quarter from a year earlier, the biggest year-over-year increase in a decade, according to a report Tuesday from the Apartment Association of Metro Denver . Average rent for seven counties portion of metro Denver area stood at $952 in the first quarter, up from $911 in the first quarter of 2011, the report stated.

CSU seeks partnership to construct parking site near towers CSU is testing the waters to see if a private developer would build a five-story parking garage with shops and apartments on the northwest corner of the university's Fort Collins campus. Colorado State University officials are asking developers to submit proposals to build a 1,200-space parking garage wrapped with shops and possible apartments for students. The university is open to most suggestions but won't accept proposals that include liquor stores or medical marijuana dispensaries, tattoo parlors or "adult entertainment facilities."

The number of Colorado's seniors will skyrocket over the next few years EAGLE COUNTY, Colorado — June Walters looked across a crowd of hundreds of professional caregivers and hit them right between the eyes.

“You'll spend more time caring for your mother than your mother spent caring for you,” Walters said, who does economic development for the Northwest Colorado Council of Governments.

The number of Colorado's seniors will skyrocket over the next few years, like the rest of the country.

Colorado's economy slowed slightly in April, but still healthy Colorado's economy slowed slightly from March to April, but remained healthy, according to the Goss Business Conditions Index released today. The overall index for Colorado sank to 58.9 from March's 61.4, said the report. Components of the Business Conditions Index for April in Colorado were new orders at 59.9, production or sales at 60.6, delivery lead time at 51.6, inventories at 54.7 and employment at 67.7.