Cumulative New Residential Permit Unit Volume
- Analysis of Performance
- Metric Definition
- Why Is This Important?
- City Organization Impact on Performance
- Benchmark Information
Analysis of Performance
Fort Collins continued to see residential growth, with 177 units permitted in Q1 of 2015. However, with a target of 313 units, this measure fell to the red category for Q1 2015.
Any new residential unit must obtain a building permit from the City. This metric reports the number of units for which permits were obtained each quarter.
Why Is This Important?
Residential construction activity provides a measure of the impact of economic activity on the community’s population. As economic activity increases residential construction may increase; a lack of increase may signify a rise in the number of employees who commute into the community.
City Organization Impact on Performance
Low - The City's influence over residential construction is driven primarily in the Land Use Code, however, many outside factors influence actual construction activity.
This metric contains benchmark data for other northern Front Range cities because these cities compete for residential construction in the same regional market as Fort Collins. Comparing to these benchmarks gives an indication of how well the City is competing to capture consumers in this market.