colorado’s construction sector still struggling

When the housing market crashed, new building practically stopped in Colorado.

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Unsurprisingly, Colorado’s construction businesses were heavily impacted. The response for many builders was to lay off workers.

CO Construction employment down more than 50,000 workers (source: BLS-CES)

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With the economy perking up somewhat, the state has seen a recent uptick in housing starts, and some construction workers are once again finding employment.

Change in CO construction employment from 12 months before (Source: BLS-CES)

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But real recovery in new residential construction will probably require housing price recovery, and that remains elusive.

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