The Glenwood Springs Chamber Resort Association has released their semi-annual economic report, TRENDS. This year’s edition is all about the local housing market. Member businesses have access to this data, which uses a variety of sources to present a comprehensive look at Glenwood Springs and the surrounding area’s housing market.
County housing report highlights include: Glenwood Springs’ housing values are above the state and national average; data to support local housing recovery; near-peak home ownership rates; a relatively young housing stock; and renters moving to home ownership. Also included is data to support moderately increasing home sales and prices, some pick-up in higher price range sales; slow building permit activity; and how livability and jobs translate to housing.
Through the report, chamber members can access detailed information on home values, sales and new construction trends. These factors have a significant impact on any local economy due to the purchases people typically make and the services they need when they move into a different home. New home construction has an even larger impact due to the materials and labor needed to build even the smallest home. Changes in home value affect a home owner’s ability to move or to borrow, spend or rent out a property and subsequent rent changes impact affordability for tenants. In turn, occupancy rates are affected, which then impact everyone’s ability to move or find housing for a job change. Therefore, it is important to have an understanding of local housing conditions, especially as the housing market struggles to gain a stronger foothold after the recent downturn.
Members will receive a postcard in the mail in the next week with the password required to open the 2014 Trends Housing Edition. The document is available at www.glenwoodchamber.com/trends. Non-members should contact Joni Bates, VP of Membership if they would like to gain access to this important information at 970.945.1514 or e-mail her at firstname.lastname@example.org.
About the Glenwood Springs Chamber
Located in the heart of the downtown at 802 Grand Avenue in Glenwood Springs, CO, the Glenwood Springs Chamber is a not-for-profit membership organization and was named 2013 Chamber of the Year by American Chamber of Commerce Executives. The purpose of the GSCRA is to provide leadership, promote commerce, encourage measured growth and continue to support such endeavors which will enrich the quality of life in our community. For more information, or to become a chamber member phone 945-6589 or visit us on the web www.glenwoodchamber.com.