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Building permits issued for the construction of single-family homes in Colorado Springs and El Paso County dropped 10% in May on a year-over-year basis, a Pikes Peak Regional Building Department report shows. Despite the decline, builders aren t worried that the local housing market is slowing down. THE GAZETTE FILE
The pace of Colorado Springs-area home construction slowed last month, breaking a yearlong string of increases. But that doesn t necessarily mean the red-hot housing market has suddenly cooled off.
Today
Some clouds this evening will give way to mainly clear skies overnight. Low near 45F. Winds NNW at 5 to 10 mph..
Tonight
Some clouds this evening will give way to mainly clear skies overnight. Low near 45F. Winds NNW at 5 to 10 mph. Updated: May 14, 2021 @ 6:51 pm
A Chicago real estate company that develops and acquires multifamily and student housing projects is entering the Colorado Springs market in a big way.
Jackson Dearborn Partners plans three apartment projects that would add a combined 892 units in downtown, on Colorado Springs’ northeast side and in the unincorporated Cimarron Hills area of El Paso County, according to proposals it’s submitted to city and county officials.
The company would join several out-of-state apartment developers who have invested in Colorado Springs in recent years, saying they were attracted, in general, by the city’s desirability as a place to live.
Jackson Dearborn’s website, along with plans submitted by the company to the city and county, show:
Today
Scattered showers and thunderstorms. A few storms may be severe. High 66F. Winds SSE at 10 to 20 mph. Chance of rain 70%..
Tonight
Mostly cloudy skies this evening will become partly cloudy after midnight. A stray severe thunderstorm is possible. Low 46F. Winds NNW at 5 to 10 mph. Updated: May 15, 2021 @ 2:58 pm