The Booming Construction Industry in Denver

In the past decade, Denver construction has experienced an increase in construction projects of nearly seven billion dollars, a jump of 23 percent over the year before. Residential projects have dominated the construction industry, accounting for nearly 60 percent of all construction starts in 2016. Currently, there are 25,382 apartment units under construction in Denver, and another 26,884 units in the planning stage. Listed below are some of the city’s construction projects. Read on to learn more about this industry.

Haselden Construction has a renowned presence in metro Denver, with experienced project management teams and field supervision teams. Its team possesses extensive industry expertise and local market knowledge. Its Denver construction office has established itself as a leader in challenging commercial tenant interiors and delivering restaurant and institutional capital expenditure projects. You can rest assured that you’ll receive a high-quality project with a great return on investment. 

The Mortenson Cost Index predicts that construction costs nationwide and in Denver will increase by 2.6% in the fourth quarter of 2021. However, these construction costs rose at a much lower pace than the national average. In Denver, the increase was only 1.49 percent. According to the Mortenson Cost Index, labor availability will remain the top concern for the industry, and the cost of raw materials will increase due to manufacturing issues, supply chain delays, and raw material shortages.

To keep costs down while still getting quality work, check out Haselden Construction at www.haselden.com.

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