Remove Denver Remove Housing Remove Income
article thumbnail

Metro Denver and Colorado Springs Inch Into the 10 Least Affordable U.S. Housing Markets

Pro Builder

Metro Denver and Colorado Springs Inch Into the 10 Least Affordable U.S. Housing Markets. With rising demand and inadequate regional supply, Colorado metros like Denver are seeing home price gains topping 20%. . The Denver Post reports. The Denver Post reports. times the median household income. .

Denver 98
article thumbnail

Denver Releases Controversial Housing Proposal to Combat a Growing Affordability Crisis

Pro Builder

Denver Releases Controversial Housing Proposal to Combat a Growing Affordability Crisis. The Denver metro could see increased low-income development as a result of a new affordable housing mandate, but many builders aren’t so eager to get on board. In Denver, those numbers are 17,000 and 28,000, respectively.

Denver 52
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Metro Denver Drops to the 5th Least Affordable U.S. Market

Pro Builder

Metro Denver Drops to the 5th Least Affordable U.S. Home prices are outpacing household incomes across metro Denver, leaving buyers with few options for affordable housing. Also on the list of the least affordable housing markets is Colorado Springs, where the median home sold for $435,000 in March. .

Denver 52
article thumbnail

Housing, Industrialized: Designing for Off-Site

Pro Builder

RELATED 2023 Housing Giants Report: Holding Back the Headwinds 2023 Housing Giants List: Ranking the Biggest U.S. Before we submit anything to the building department, we know how the house is going to be built,” says Donald Carpenter, VP of product development at Oakwood Homes , in Denver, which incorporated panelization 20 years ago.

Site 92
article thumbnail

Median Single-Family Home Prices Surpass Half a Million in Colorado

Pro Builder

The median price of a home sold in the state of Colorado reached $600,000 in April, leaving outpriced Denver buyers with few alternatives in neighboring towns and metros. At the current median sale price statewide, buyers would need an annual income of $166,860 to qualify for a home purchase with a current interest rate of 5.5%

article thumbnail

How the Gender Pay Gap Affects Women Homebuyers

Pro Builder

The majority of females are still underpaid in comparison to their male coworkers, an affordability gap which is making its way into the housing market. As home prices reach new highs across the U.S., female buyers are feeling the sting of limited affordability heightened by a longstanding gender pay gap. of women. .

Income 98
article thumbnail

Single Female Buyers Are Forging Through Record Price Increases

Pro Builder

Financially independent female buyers seem undeterred by rising home prices in metros like Denver. Single women account for 20% of first-time homebuyers nationwide compared to just 11% of single men, and even sky high home prices in metros like Denver aren’t stopping them from making new home purchases.

Denver 52