May 12, 2022
Water Market Insider VIDEO: The Colorado Water Market
Like many Western states, Colorado is growing and home builders are struggling to keep up with demand. Annual permits for new housing construction have tripled since the end of the economic recession but home prices signal a continued housing shortage. Home prices in Colorado appreciated by close to 20% over the past year. New homes need a reliable water supply, and the Colorado water market has been a critical component of residential development, allowing water rights to transfer to municipal water utilities to serve new homes and businesses. While the Colorado water market is focused on new municipal demands along the fast-growing Front Range, the market is also assisting rural areas of the state with local water management challenges related to groundwater overdraft and environmental issues. Overall, Colorado has a diverse and robust water market that is fueled by competition for reliable water assets and by creativity to meet varied water challenges across the state.
Want to learn more about pricing trends and how water supply constraints impact development in Northern Colorado? Join our free webinar – Wednesday, May 18th! Register today: https://lnkd.in/d7ujs9CE