Value of regional construction experiences monthly swings

Let’s examine the monthly mix of residential and nonresidential value of construction in Northern Colorado. A nearby graph shows how the mix has changed since 1987.
The total value of construction added each month in Northern Colorado is about $120 million of value to the local economy each month. (See page 10).
From 1987 to 1990 the value of new residential construction averaged about $12 million per month, while nonresidential construction actually declined from 1987 to 1991. Who can forget the energy/oil shale bust in Denver and its effect on the entire Colorado economy? Furthermore, the baby boomers were not…