Northern Colorado news Briefs
U.S. News & World Report: Colorado metro areas best places to live
U.S. News & World Report released their 2022-2023 Best Places to Live in the U.S. rankings and four Colorado metro areas topped the list: Colorado Springs (2), Boulder (4), Fort Collins (54) and Denver (55). U.S. News & World Report ranked the 150 most populous metropolitan areas based on factors including quality of life, desirability, job prospects and affordability.
NoCo Economic Tracker positive spring report
The recently released April 2022 Recovery Tracker report shows key economic indicators for Northern Colorado moving in the right direction. Job posting activity continued to be very high with 2.8 postings per every unemployed person. Larimer County recovered to 2019 average employment levels in August 2021, while Weld is still recovering lost jobs. Out of 13 key indicators tracked, only two were marked as flat/neutral while all others were positive. Explore the regional Recovery Tracker at: nocorecovers.com/tracker/.
Timnath potential home for Topgolf
BizWest broke headlines in May with news that Timnath may soon be home a Topgolf facility. Records suggest that town officials have been working with Topgolf to round out plans for a multi-story driving range facility located at Harmony and I-25. Topgolf is a huge recreational and entertainment draw, allowing golfers to play a variety of electronically scored games while enjoying food and beverage services.
Fort Collins, Boulder top emerging housing markets
The Wall Street Journal and Realtor.com recently released their Spring 2022 Emerging Housing Markets Index. Boulder ranked #6 and Fort Collins #8. The index analyzes housing market data, lifestyle metrics and economic vitality to identify markets that have a high quality of life coupled with expected housing appreciation. Click here to read the full Emerging Housing Markets Index report.
Colorado cities make best places to start business list
WalletHub, a personal finance website, recently ranked the best small cities to start a business and 17 Colorado communities made the list. A total of 1,334 small cities with populations between 25,000 and 100,000 were evaluated by factors including business costs, access to resources and business environment. Colorado communities on the front range making the Top 100 include Englewood #26, Longmont #40, Windsor #58, Loveland #65, Lafayette #74 and Fountain #82. Click here to read the complete WalletHub article.
IRES 1st Quarter Report
Information and Real Estate Services (IRES) recently released their Q1 2022 MarketWatch Report and in Northern Colorado home prices were up across the board. In Larimer County, the median sales price was $571,950 for Q1-2022, an increase of 23% year-over-year. The number of closed sales was down 21% dropping to 1,216. In Weld County, the median sales price was $490,000 for Q1-2022, a 18.1% year-over-year increase. The number of closed sales was down 11.7%, coming in at 1,711. In Boulder County, the median sales price was $845,000 for Q1-2022, a 15% year-over-year increase. The number of closed sales was down 17.8%, coming in at 701.
Weld County adds most residents
According to data recently released by the U.S. Census Bureau, Weld County added more residents than any other Colorado county since the April 2020 census. Approximately 11,055 residents were added, reflecting 3.4% growth with a total population of 340,036. The top five rounded out with Douglas County ranked #2, El Paso County #3, Larimer County #4 and Douglas County #5 in regard to residents added. Click here for the full article.
Boulder #2 for Zoomer renters
RentCafe recently released a list of the Trendiest Zoomer Hotspots in 2022 and Boulder came in at #2. The study gauged the popularity of cities across the country by comparing the share of total apartment applications submitted by members of each generation. In Boulder, 66% of applications were from Zoomers, or Gen Z, born in the late 90s and early 2000s. They were followed by Millennials that came in at 18%. Denver was also identified as an emerging hot spot at the state-level. In one year, applications from Zoomers increased by 29%, an indicator that the city is an up-and-coming favorite.
Vestas leading global wind turbine manufacturer
According Global Data, Vestas Wind System AS has become the leading global manufacturer of wind turbines. Measuring by gigawatts of installations, Vestas has 19% market share followed by GE Renewable Energy in second place with 13.4% market share. Vestas has two North American manufacturing facilities in Colorado specializing in blades and nacelles - one in Windsor, CO and the other in Brighton, CO. The company employs approximately 1,500 people in Colorado.