Real Estate & Construction  April 11, 2018

Escalating construction costs hampering new construction

Participants of BizWest’s CEO Roundtable on Real Estate are, from left, Eric Slinger, Nikki Mosbrucker, Josh Guernsey, Kittie Hook, Nathan Klein, Stu MacMillan, Kris Pickett, Connie Dohn, Steve Schroyer, David Shigekane, Mark Bradley, Kevin Brinkman, Josh Billiard, Steve Kawulok, Brandon Wells, Kristin Turner, Will Welch, Nadine Trujillo-Rogers, Bryan Watkins, Kari Coover and Dan Mills. BizWest/Doug Storum.
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FORT COLLINS —  Developers are hesitant to take on large residential projects in Northern Colorado despite there being an increasing demand for them, citing deterrents of higher construction costs and water-tap fees, and the lengthening of the entitlement process.

Realtors and developers on Tuesday at BizWest’s CEO Roundtable on Real Estate said that the short supply of homes coupled with the growing population is driving up home costs in Northern Colorado, impacting companies trying to recruit workers and putting a damper on economic development for the area.

“A homeowner is in good shape, because equity is…

Doug Storum
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