Construction giving nearly 24 percent more to the state economy
A crane stands tall beyond homes on Meade Street in West Highland, a reminder of the neighborhood's active renewal. (Kevin J. Beaty/Denverite)
Construction is contributing 24.1 percent more to Colorado’s gross domestic product than it was in 2010, according to an analysis from Stateline.
That puts Colorado roughly in the top third of states where construction is rebounding from the Great Recession and performing well:
Some neighboring states are among the few with a decline in construction GDP dollars. Stateline says that could be because of their close ties to “slumping energy markets.” Of course, Colorado has that too, but we’ve got a trick up our sleeve:
“Millennials — who were born starting in 1982 and often have a taste for city life and are willing to move in search of work — have helped fuel a boom in apartment construction, especially in Colorado and on the West Coast.”
Millennials: cause of and solution to all of the state’s problems.