North Colorado living environment trend for “accessibility and density” -bizwest

Fort Collins -lanting The population of Larimer and Weld Counties in the coming years will continue to grow, new residents will live, and these places will probably be smaller and closer together than the single-family districts that have historically dominated the housing market in many parts of North Colorados.

“Accessibility and density is probably the place where this market is going on,” said Evan Forrest during the Bizwest Northern Colorado Real Estate Summit on Tuesday on the Colorado State University campus in Fort Collins. Forrest is Vice President of the real estate company Zonda Home.

Townhomes become an increasingly popular option for young families who are looking for something that can be achieved, but more space than apartments and condominiums.

“If you have the jobs, you will go to the jobs,” said Forrest about home builders and buyers. So that North Colorado continues to grow in a healthy clip: “We have to find out how we can bring a (robust and diverse) economic basis here.”

Macroeconomic factors – for example higher interest rates – have “demand … a little slower, but not worrying,” said Forrest.

On the way to the more busy spring and summer months for the home building, the market shows “signs of an improvement, but there are some warning signs.”

The house builders are on increased material and labor costs due to the tariffs and the immigration policy of President Donald Trump.

“Homebuilding margins will continue to be pressed,” said Forrest. “This could slow down the activity of the building”.

On the positive side “Overall, we still show a fairly strong demand” compared to other parts of the district, “and we tend in the right direction (not only in) northern Colorado, but also in the front,” he said.

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