Even though the growth has created issues for Front Range cities because of a shortfall of lots and homes that are out of the average person’s price range, the city of Windsor is showing expansion in the housing arena. Windsor, a smaller city located in Northern Colorado and approximately halfway in between Fort Collins and Greeley, has a record number of single-family home permits being issued.
These smaller cities outside of the main Front Range Urban Corridor areas are attracting more and more people because they are not only less prone to crime, pollution, and rush-hour traffic but also because they are still offering affordable homes that the median salary can manage. The cost of living is a big issue along the Front Range and service workers are struggling to find a place to call home.
This article from The Coloradoan explains more about what’s up with the growth in Windsor CO and what they can expect as far as continued development.
Windsor new home building outpacing Fort Collins
In the first half of the year, Windsor issued 317 single-family home permits, more than Fort Collins, Loveland, and Greeley. For comparison, Fort Collins issued 288 permits during the same time period.
If the trend holds, this could be the first year since 2011 that Windsor has issued more permits for new single-family homes than Fort Collins, according to the town’s July Community Development Report. Already this year, Windsor has doubled the number of single-family building permits issued for the same time period last year.
“Obviously that’s good news, and we definitely use those statistics when we’re trying to attract and retain retailers,” Windsor Director of Economic Development Stacy Johnson said. “We’re showing them growth is coming.”
Much of the new housing development in Windsor has come from the Village East and Peakview Estates subdivisions, Windsor senior planner Paul Hornbeck said. Homes listed on the Village East subdivision website had prices ranging from $274,900 to $283,875. Homes listed on Peakview Estate’s website had asking prices between $329,900 and $369,000.
Windsor’s construction boom comes as Fort Collins’ single-family building permits have sunk to a four-year low thanks to rising construction costs, lack of inventory and increasing sale prices. Windsor, however, has plenty of available land and lots ready for development, Johnson said.
As the market recovered from the Great Recession, developers snapped up platted lots that had been put on hold when the economy tanked. After they built on those lots, developers needed to bring new lots online and get them ready for construction. Johnson said the past few years in Windsor have been “building years” for developers as they go through the platting process and get new lots ready to go. That buildup of inventory has helped contribute to the spike this year, she said.
Hornbeck said it is hard to predict how many building permits the town will issue in the future, but said he is not sure the dramatic increase is a long-term pattern.
“We’re probably kind of catching up a little bit (from the recession),” he said. “I don’t think we’ll see quite this strong of permit numbers continuing for a number of years, but the market is still strong.” Windsor new home building outpacing Fort Collins
This Tweet links to an article about the Colorado Housing Connects Hotline and how they are helping to link up people in the area to affordable housing options. They have taken over 24,000 calls already this year.