Here’s an interesting stat based on the most recent U.S. Census.
(although you probably won’t be surprised to hear this)
Since 1990, Colorado’s rate of population growth is double the Nation’s rate of population growth.
Here are the numbers since 1990:
30.3% growth in the U.S.
62.3% growth in Colorado
So, the Nation grows at roughly 1% per year and Colorado grows at roughly 2% per year.
It appears Colorado is twice as popular as compared to the Nation as a whole.
It’s interesting to look at what population growth means for housing. On average, along the Front Range, 2.5 people live in each housing unit.
What that means is 4 housing units are needed for every 10 people who live here. So, for every 1000 new people moving to our area, 400 new housing units are required.
The population of Metro Denver is just under 3,000,000 and the population of Northern Colorado is just over 650,000.
Assuming the Front Range grows in population at 2% per year, that means 60,000 new people in Metro Denver and 13,000 new people in Northern Colorado each year.
To house those people, 24,000 new housing units need to be built per year in Metro Denver and 5,200 in Northern Colorado.
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