What is the state of the housing market in Colorado Springs? According to resent census data 18.3% of the population in Colorado Springs are single persons living alone. 11% of the housing inventory fits this demographic. When we look at two person households the statistics are just as bad. As a result there is a serious lack of inventory for houses that are between 750 and 1500 square feet. Because of this we need to provide Affordable Housing in Colorado Springs.
Housing in Colorado Springs is a Basic Human Need
Housing is a basic human need and with the growth of our population hitting almost 2% a year, accompanied by the changing demographics in our area, it is time that we start looking at the demographic and supply housing accordingly. Affordable housing in Colorado Springs is a necessity. For this reason we at LivingStar Systems are going to make a difference. We are poised to provide affordable energy efficient housing options for smaller households. And in the process we are going to make housing accessible to one and two person households.
28% of the US population consists of single people living alone. 25% are couples with no children and 20% adults living with other adults. In contrast Only 7% are single parent families leaving 20% as the nuclear family. (for a closer look check out the HomeCOS project click Here ) This shows that the need for single and multi family housing in the affordable range is critical.
Housing In Colorado Springs is at a Critical Point
Housing in Colorado Springs is at a critical point in time, as a result it is time to make better decisions. As builders we need to focus on infill and smaller housing options. There is still the greed factor in our area where we see real estate trusts buying up land in lower income areas in the hopes of selling it to the highest bidder. In the process they are chasing out the people that can afford to live in these areas.
