New Residential Units
Date posted: 07/01/2009
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This measure examines the trend in the number of new privately-owned residential dwelling units authorized by building permits in Larimer County. The data represent the number of new housing units (including both single and multi family units) for which building permits were issued, not actual construction starts. The County issues permits for construction in the unincorporated areas; each community within the County issues its own building permits. The number of residential housing units is higher than the number of building permits issued because one permit can represent multiple housing units. For more information about permits, including links to community planning and building departments, see Additional Information below.
Data Source:
- United States Census Bureau Population Estimates - place cursor on 'Estimates Data' on menu bar at top of the page, then select desired geography.
- Larimer County Planning & Building Services Division
What these data tell us:
The rate of approved new residential units per 1,000 people has decreased by 63% since 2004. The actual number of approved new dwelling units dropped from 3,433 in 2004 to 1,341 in 2008.Contributing factors may include the foreclosure filing rate, which increased by 103% between 2004 and 2008. (See Compass - Bankruptcy and Foreclosure) Also, from 2004 to 2008, the total dollar value of sales (i.e., sales volume) declined by 32% in Loveland/Berthoud area and by 17% in Fort Collins/Wellington area. (See Compass - Residential Home Sales) Increases in foreclosure filings and decreases in total dollar value of sales may both be attributed to a weakening economy.
What this chart shows: Percentage of Total New Residential Dwelling Units by Area - Larimer County, 2008
Data Source: Larimer County Planning & Building Services Division
What these data tell us:
In 2008, the largest percentage (52.3%) of new residential dwelling units was located in Fort Collins. According to the Colorado Department of Local Affairs, the 2007 population in Fort Collins was more than double that of Loveland. Fort Collins also has an increased demand for rental units for students attending Colorado State University.What this chart shows: New Residential Dwelling Units per 1,000 Population by Colorado's 10 Most Populous Counties, 2008
Data Source:
- United States Census Bureau Population Estimates - place cursor on 'Estimates Data' on menu bar at top of the page, then select desired geography.
- United States Census Bureau Building Permits (new residential housing units authorized by building permits)
What these data tell us:
Among the ten most populous Colorado counties, Larimer County had the fourth highest rate of new residential units per 1,000 population in 2008. The counties are listed (left to right) from highest population to lowest. In 2008, building permits were issued at a rate of 4.3 new residential units per 1,000 population in Larimer County, compared to a 3.8 rate for the state of Colorado and a 3.0 national rate. However, for these three regions, 2008 rates were substantially lower than the 2005 rates, recorded at 10.6, 9.8 and 7.3 for Larimer County, Colorado and the US respectively. These rate declines could be attributed to the real estate market correction of 2006-2007, as builders slowed their pace in response to large supply of for-sale housing.Additional Information:
- Additional statistics on growth, such as the construction value of the permits, are available in annual reports from the Larimer County Planning & Building Services Division.
- A residential building permit is required to build a new dwelling and for some renovations and repairs. Residential building permits are also required for new construction including garages, agricultural buildings, additions, decks, swimming pools, and manufactured/mobile homes. Please see the County Building Department for a full list of projects that require a permit. Use the following links for permit information specific to each area:
- Berthoud Planning and Zoning Department
- Estes Park Building Department
- Fort Collins Building and Zoning Services
- Larimer County Building Department
- Longmont Building Department
- Loveland Building Division
- Timnath Planning Department
- Wellington Planning Department
- Windsor Planning and Zoning Department
- Growth Management Areas (GMA) - Local growth management processes ensure that communities operate within their resources, protect the environment and enhance the lives of their residents. This system requires close cooperation among the County, cities, towns, special districts and state and federal agencies that are involved in land use and environmental protection within the County. For more information, see Larimer County's Master Plan and map.
On Compass -
- Affordable Rental Costs
- Household Types & Age of Residents
- Federally Subsidized Housing
- Home Ownership/Affordable Housing
- Homelessness
- Housing Occupancy - Ownership/Renting
- Housing Units
- Population Size & Growth
- Residential Home Sales
Outside Compass -
- City of Fort Collins - Affordable Housing Programs
- City of Loveland - Community Development Block Grant information
- Larimer County Building Department - Building Department Residential Requirements
- National Association of Home Builders
- Housing America's Working Families - policy implications of housing
- Housing Facts, Figures, and Trends
- United States Census Bureaux
Standards or Targets: N/A
Data Tables:
New Residential Dwelling Units in Larimer County, 2004-2008
|
Year |
New Dwelling Units |
Population |
Rate per 1,000 |
|
2004 |
3,433 |
271,871 |
12.6 |
|
2005 |
2,964 |
275,570 |
10.8 |
|
2006 |
2,193 |
280,944 |
7.8 |
|
2007 |
1,446 |
286,727 |
5.0 |
|
2008 |
1,341 |
292,825 |
4.6 |
Percentage of New Residential Dwelling Units by Area in Larimer County,
2000 - 2008
|
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
2008* |
|
|
Berthoud |
2.8% |
0.5% |
0.2% |
0.6% |
1.0% |
1.8% |
1.4% |
1.4% |
0.7% |
|
Estes Park, unincorp. |
1.8% |
1.5% |
2.0% |
1.2% |
1.7% |
2.0% |
2.8% |
4.3% |
N/A |
|
Estes Park |
3.2% |
2.3% |
4.4% |
4.0% |
2.8% |
4.1% |
4.5% |
5.4% |
6.0% |
|
Johnstown |
2.8% |
||||||||
|
Loveland, unincorp. |
3.3% |
2.3% |
2.3% |
2.2% |
3.2% |
3.1% |
2.0% |
3.5% |
N/A |
|
Loveland |
29.5% |
30.0% |
27.9% |
30.7% |
29.2% |
29.4% |
39.9% |
19.5% |
17.6% |
|
Southern Share |
40.6% |
36.6% |
36.8% |
38.7% |
37.9% |
40.4% |
50.6% |
34.1% |
30.0% |
|
Fort Collins, unincorp. |
8.9% |
8.4% |
6.7% |
5.3% |
5.5% |
6.2% |
5.7% |
7.3% |
N/A |
|
Fort Collins |
42.0% |
44.5% |
45.2% |
43.7% |
37.8% |
33.2% |
26.7% |
41.1% |
52.3% |
|
Windsor |
4.0% |
3.6% |
5.2% |
4.3% |
7.8% |
8.3% |
7.9% |
8.3% |
3.9% |
|
Wellington |
1.4% |
4.1% |
2.9% |
4.7% |
8.1% |
9.3% |
6.1% |
4.6% |
2.5% |
|
Red Feather Lakes |
3.3% |
3.0% |
3.2% |
3.4% |
2.9% |
2.6% |
3.2% |
4.7% |
N/A |
|
Timnath |
4.6% |
||||||||
|
Northern Share |
59.6% |
63.6% |
63.2% |
61.4% |
62.1% |
59.6% |
49.6% |
66.0% |
70.0% |
|
Unincorporated Larimer County |
9.7% |
||||||||
|
Total Number of Units |
3,770 |
4,,268 |
3,415 |
3,236 |
3,433 |
2,964 |
2,193 |
1,446 |
1,341 |
*Boundaries for inspectors changed in 2008 creating different reporting categories.
New Residential Units per 1,000 Population by Cities and Towns, 2000-2008
|
|
Number of Units |
||||||||
|
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
2008 |
|
|
Berthoud |
104 |
21 |
8 |
20 |
34 |
53 |
30 |
20 |
9 |
|
Estes Park |
121 |
98 |
151 |
128 |
96 |
123 |
98 |
78 |
81 |
|
Fort Collins |
1,582 |
1,899 |
1,545 |
1,413 |
1,296 |
983 |
585 |
594 |
701 |
|
Loveland |
1,111 |
1,279 |
953 |
994 |
1,003 |
872 |
874 |
282 |
236 |
|
Wellington |
51 |
173 |
99 |
151 |
277 |
275 |
134 |
66 |
33 |
|
Windsor |
150 |
153 |
176 |
138 |
269 |
246 |
173 |
120 |
52 |
New Multiple-Family Units by Larimer County Cities and Towns*, 2000-2008
|
|
# of families |
Number of Units per Type of Building |
||||||||
|
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
2008 |
||
|
Estes Park |
2 |
20 |
10 |
42 |
42 |
12 |
0 |
0 |
4 |
0 |
|
3-4 |
18 |
9 |
3 |
24 |
12 |
12 |
8 |
3 |
0 |
|
|
5+ |
0 |
0 |
0 |
5 |
0 |
69 |
0 |
12 |
0 |
|
|
Fort Collins |
2 |
0 |
2 |
14 |
40 |
26 |
12 |
14 |
6 |
8 |
|
3-4 |
50 |
47 |
51 |
134 |
93 |
65 |
32 |
12 |
34 |
|
|
5+ |
547 |
686 |
245 |
250 |
283 |
303 |
209 |
185 |
477 |
|
|
Loveland |
2 |
2 |
0 |
0 |
0 |
0 |
24 |
48 |
0 |
0 |
|
3-4 |
12 |
7 |
0 |
0 |
12 |
0 |
0 |
0 |
16 |
|
|
5+ |
149 |
257 |
151 |
222 |
94 |
118 |
380 |
0 |
81 |
|
|
Wellington** |
2 |
N/A |
N/A |
N/A |
0 |
0 |
0 |
0 |
0 |
0 |
|
3-4 |
N/A |
N/A |
N/A |
0 |
0 |
0 |
67 |
3 |
0 |
|
|
5+ |
N/A |
N/A |
N/A |
0 |
0 |
0 |
48 |
0 |
0 |
|
|
Larimer County (unincorporated) |
2 |
2 |
6 |
0 |
2 |
2 |
6 |
2 |
0 |
0 |
|
3-4 |
0 |
0 |
0 |
0 |
0 |
7 |
0 |
0 |
0 |
|
|
5+ |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
*Berthoud had no multi-family building permits issued from 2000 through 2008.
**N/A refers to unavailable data
Source: United States Census Bureau, Building Permits
New Residential Units in the United States, Colorado, and Colorado's 10 Most Populous Counties, 2008
|
New Dwelling Units |
Population |
Rate per 1,000 |
|
|
United States |
905,400 |
304,059,724 |
3.0 |
|
Colorado |
18,998 |
4,939,456 |
3.8 |
|
Denver |
3,180 |
598,707 |
5.3 |
|
El Paso |
1,985 |
596,053 |
3.3 |
|
Arapahoe |
1,794 |
554,282 |
3.2 |
|
Jefferson |
589 |
533,339 |
1.1 |
|
Adams |
782 |
430,836 |
1.8 |
|
Boulder |
1,512 |
293,161 |
5.2 |
|
Larimer* |
1,265 |
292,825 |
4.3 |
|
Douglas |
1,393 |
280,621 |
5.0 |
|
Weld |
980 |
249,775 |
3.9 |
|
Pueblo |
416 |
156,737 |
2.7 |
* Larimer County permit and population numbers do not match County reports because the Census Bureau does not split community counts among counties if the community's boundary covers more than one county.