Addressing the nationwide housing crisis

coloradosun.com

What’s Working: Why rents in Denver and other parts of Colorado are dropping

So many new apartments hit the metro Denver market last year. Too many? Plus: Not every place has seen rents drop
coloradosun.com coloradosun.com

The main reason is that 20,000 new apartments flooded the Denver market last year, said Cary Bruteig, a researcher with Apartment Insights who worked on the report for the association.

“That is a huge number … a 5% increase in a single year,” Bruteig said. “What that’s done is vacancies have moved up from 5.8% a year ago to 7% today. … And what happens when vacancy rates get over six is apartment communities start becoming much less aggressive in raising rents. In fact, they will often start flattening rents and offering concessions.”
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www.newsweek.com

Builders have bad news for Donald Trump's housing market

The NAHB/Wells Fargo Housing Market Index (HMI) dropped six points to 34, mirroring the November 2023 reading.
www.newsweek.com www.newsweek.com
Builder confidence in the U.S. housing market fell sharply in May, marking its lowest level since November 2023, according to a new report from the National Association of Home Builders (NAHB). Developers are contending with a sluggish selling season and mounting economic pressures.
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Per the NAHB, persistent uncertainty around tariffs, rising building material costs, and sustained high interest rates have rattled builder sentiment. These headwinds have forced builders to slash prices during the peak homebuying season.
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