According to a recent economic study released by the Colorado Oil & Gas Association (COGA), the oil and natural gas industry plays a pivotal role in bringing substantial economic benefits to Colorado. Here are some specific benefits of the oil and gas industry in our state: Average household energy costs in Colorado ($1,551 per year) […]
Forbes and Wells Fargo Agree On Denver’s Strong Economic Recovery
August 28, 2013 by Leave a Comment
Denver and Fort Collins made it to the top 10 in Forbes magazine’s annual ranking of the best U.S. cities for business and careers. The magazine’s ranking is based on 12 factors tied to jobs, cost of business, cost of living, income growth, quality of life, and education of the labor force. Here’s how Forbes […]
End of Summer Statistics
August 26, 2013 by Leave a Comment
As we move into fall, take a look at these end of summer statistics: * There were 6,104 homes sold in metro Denver in July, up 32 percent from the same month last year; * The number of single-family homes and condos sold in July also was 10 percent higher than the 5,566 sold in […]
Pre-Recession Levels
August 2, 2013 by Leave a Comment
Denver home prices have officially risen to pre-recession levels with a 9 percent year-over-year increase during the second quarter. June brought 9,187 homes for sale, up from the 8,214 available in May, with sales increasing 3 percent from May and 7 percent from June 2012. It is true that interest rates have slightly increased, but […]
Housing Follows Jobs
July 31, 2013 by Leave a Comment
Colorado added about 52,400 jobs from May 2012 to May 2013, putting the state on track to have a higher-than-expected 2.5 percent job growth rate this year. Infrastructure, including work on the new DIA rail line and major projects on Interstate 225 and U.S. 36, is helping to lead Colorado’s recovery. The leisure and hospitality […]
Colorado Becoming One of the Best States for Business
July 29, 2013 by 1 Comment
CNBC completed its annual ranking of the best states for business, and Colorado, having ranked eighth last year, moved up to the seventh spot overall. The greatest improvement for Colorado was in the strength of its economy. After being ranked 33rd in 2012, in the economic category, Colorado moved up significantly this year. One new […]
Denver Makes It High on the List of the U.S. Census
June 6, 2013 by Leave a Comment
Every year following a decennial census, the US Census Bureau releases its county population estimates for July 1 of the preceding year. For the fourth time in the past five years, Denver County has led the state in population growth. The Mile High City is No. 11 on the Census Bureau’s ranking of the 15 […]
New Apartment Development Driven By Employment
May 29, 2013 by Leave a Comment
Apartment developers will finish about 4,200 units in metro Denver before 2013 is over, with most of those being built downtown. “So much of this is driven by employment right now,” said Ryan McMaken, an economist with the Colorado Division of Housing. “Vacancy tends to increase with joblessness.” Despite the new apartments becoming available, vacancy […]