El Paso County home market sees busiest month of June since 2005
COLORADO SPRINGS, Colo. (KRDO) The Pikes Peak Regional Building Department (PPRBD) tells KRDO NewsChannel 13 the demand for housing and apartments is through the roof.
This past month of June, PPRBD signed off on 445 permits for constructing single-family homes in El Paso County. That s a near 20% increase from May of 2021, and the busiest month of June since 2005.
According to Greg Dingrando with PPRBD, a large portion of the new single-family homes being built by developers are concentrated in northern Colorado Springs. Whenever we are seeing numbers like this we know that the builders out there are extremely busy and they are just fighting to keep up, said Dingrando. Considering we were in a pandemic last year and we are still struggling to get back to what we call normal. I think it just shows how strong the Pikes Peak Region is and just how popular it is here.
David Jenkins, founder and chairman of NorâWood Development Group â the regionâs most prolific development company â has proposed creating the GSF Business Improvement District covering 23 acres where the old
Gazette building is located at 30 S. Prospect St. The BID, just east of downtown, also will include the neighboring long-closed St. Francis Hospital, city planners said in agenda materials for the March 8 City Council work session. Norâwood owns the property at issue.
The BID and two associated metro districts would issue up to $100 million to fund public improvements, including utilities, two parking garages, drainage improvements, parks, streetscapes, landscaping and public art.
UPDATE: This blog has been updated to reflect comments about property values from County Assessor Steve Schleiker.
David Jenkins, founder and chairman of Nor Wood Development Group â the region s most prolific development company â has proposed creating the GSF Business Improvement District covering 23 acres where the old
Gazette building is located at 30 S. Prospect St. The BID, just east of downtown, also will include the neighboring long-closed St. Francis Hospital, city planners said in agenda materials for the March 8 City Council work session. Nor wood owns the property at issue.
The BID and two associated metro districts would issue up to $100 million to fund public improvements, including utilities, two parking garages, drainage improvements, parks, streetscapes, landscaping and public art.