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Effort to limit new home building still kicking in as metro area housing shortage persists

Posted by   /  November 6, 2017  /  No Comments

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Homes, in Lakewood, are covered in new snow, December 17, 2016./
RJ Sangosti, The Denver Post

The fate of the Lakewood Strategic Growth Initiative is now in the hands of a Jeffco judge

By John Aguilar | The Denver Post

November 6, 2017 at 6:30 am

The mismatch between the number of people moving to the metro area and the inventory of homes and apartments available to buy and rent has long fed a plot line that is only too familiar to new arrivals to the state — your hunt for a home will be harder than you thought.

But even as thousands of newcomers each year try to stake a claim on metro Denver’s drum-tight housing supply — the Denver Metro Association of Realtors reported Friday that the number of homes and condos available for sale at the end of October hit a record low for the month — concerns about the potential for runaway development are never far below the surface.

In Lakewood, Colorado’s fifth-largest city, a drawn-out effort to limit new home permits to no more than 1 percent of existing units a year attracted more than 7,600 signatures this year, with the city concluding that enough people backed the anti-growth measure to move it along to the ballot for a vote.

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  • Published: 2 weeks ago on November 6, 2017
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  • Last Modified: November 7, 2017 @ 7:22 am
  • Filed Under: Real Estate

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