ATTOM’s Building Permit Data for Denver, Colorado
Building Permit Applications Are Up in Denver, CO
Homeowners across metro Denver, CO, are spending significant amounts to renovate and remodel their homes, which is reflected in building permit data for Denver. The COVID-19 epidemic turned homes into offices and home-school classrooms practically overnight ,as people were asked to work from home and schools switched to remote learning.
Home improvement companies are reporting increases in revenues of 50 percent since 2019. Home values in Denver are up over 80 percent since 2010. Incomes have not kept pace, but property data shows that mortgages have been manageable because of recent low interest rates.
Low interest rates have actually created a buying boom, reducing the inventory of homes for sale in metro Denver to historic levels. Owners who have lived in their homes for a long time have built up significant equity, which means they can obtain a building permit and remodel their homes rather than buy a costly new house in a seller’s market.
How these residential renovations and commercial projects in the city will fare as time goes on is uncertain. ATTOM’s building permit data shows evolving trends in property improvements and changing property values before market prices catch up.
Identify post and pre-sale improvements in homes and better gauge investment risk.
ATTOM’s Building Permit Data Tells the Whole Story
ATTOM’s building permit data tells the real story behind a residential or commercial property so that valuers and investors can better understand a property.
- Classification of Permit Type (i.e., Solar Installation, Foundations, Roofing, etc.)
- Permit Status
- Cost of Job
- Description of Job
- Contractor Information
Insurance companies, real estate professionals, marketers, property investors, appraisers, and hedge funds can better assess a property’s risk and value using ATTOM’s property data.
Be better informed with ATTOM’s building permit data.