A new Denver-area community could have ramifications for builders across the country.
By Scott Sowers
Developers and builders in land-constrained Denver are betting that a new community under way near the city’s airport will resonate with home buyers.
The need for affordable land coupled with the market’s explosive population growth has pushed the search for buildable lots into areas that were once considered impractical, says Metrostudy senior director John Covert.
“When we look at the shortages of land and housing in the Denver Metro area, and where we can actually grow household counts and population, it really is the surrounding periphery of Denver,” says Covert. “It can go south, east, or north, but it can’t go west because of the mountains. When you look at the carrying capacity of where that growth can occur, it’s really concentrated around the airport.”