Colorado Springs' construction industry hit boom times in 2020, despite pandemic (Pueblo: real estate market, apartments)

[Vision67]

https://gazette.com/premium/colorado...d534980dc.html

"Business was booming last year for homebuilders, general contractors and subcontractors that make up the Pikes Peak region's construction industry, despite the COVID-19 pandemic.

The estimated value of permits issued for the construction of single-family homes, townhomes, apartments, hotels, offices, schools, medical buildings, manufacturing plants and other structures last year in El Paso County soared to $2.9 billion — a record high and a nearly one-third jump over 2019, according to Pikes Peak Regional Building Department reports.

"We'll have 60 to 70 subcontractors on each big project," said Dustin Black, senior project manager with Springs general contractor Nunn Construction and past board president of the El Paso County Contractors Association. "And every single one of them are historically busy. Every one of them. Which is great."

Separately, the estimated value of permits issued for residential and commercial remodelings, renovations and additions fell to $569.1 million in 2020, or a nearly 15% drop on a year-over-year basis, Regional Building Department reports show.

Despite that decline, the more than half-billion dollars worth of alterations and additions last year meant that some

[Vision67]

Colorado Springs' real estate market remains generally positive, but not without problems

https://gazette.com/business/colorad...b9ef26eb2.html

"Key segments of Colorado Springs’ real estate market and the city’s downtown remain relatively healthy in the face of the continuing COVID-19 pandemic, yet will continue to confront challenges in 2021, according to four industry experts.

Their mostly positive outlook for the local market was presented Thursday during the 30th annual real estate and economic forecast hosted by the Colorado Springs chapter of the Institute of Real Estate Management, an industry group. The event typically takes place in front of a few hundred people during a morning breakfast; because of the pandemic, however, this year’s forecast was held virtually via Zoom.

Here are some key takeaways from what the speakers said about

[Vision67]

Hotel ready to open, extended-stay suites planned near busy Colorado Springs corridor

https://gazette.com/business/hotel-r...8a849cda0.html

"A New Mexico development company that’s poised to open one hotel on Colorado Springs’ north side plans to build a second nearby.

Sun Capital Hotels of Albuquerque will open its four-story, 101-room Hampton Inn & Suites at 1060 Kelly Johnson Blvd., near the Chapel Hills Mall, in about 30 days, said company president and CEO Deepesh Kholwadwala. The hotel was proposed in 2017 and has been under construction for more than a year.

Now, Sun Capital has submitted a proposal to city government planners that calls for .....

[wilberry]

, Good articles, this is good news for Pueblo, if not already more people will soon be commuting from Pueblo, renting Apts, buying homes in Pueblo, building homes, There is one Newer Apt Compex in North Pueblo that is already renting at COS market rates when the Pandemic is over the economy will continue to grow in COS.
more work for me, Truckton is looking better and better.

[HTY483]

This is not something local to the Springs. Construction has been off the charts all over.

[wilberry]

Yes, Construction is booming again which reminds me where are all the ' I am moving to COS ' questions? is it too early since it is still snowing now and then?