Just 1 percent of the homes started in metro Denver in the first quarter were priced below $300,000, down from 3 percent in the first quarter of 2017, according to Metrostudy, which tracks new home construction in the region and other big cities. The numbers include new single-family homes, town homes and condominiums.
And it isn’t because construction is taking a breather. Builders are ramping up this year, with new home starts 14 percent higher in the first quarter than they were a year earlier. That marks the second consecutive quarter of double-digit gains, according to Metrostudy.