New Residential Permit Unit Volume
- Analysis of Performance
- Metric Definition
- Why Is This Important?
- City Organization Impact on Performance
- Benchmark Information
Analysis of Performance
Residential construction activity has steadily increased in Fort Collins since 2009. However, the current construction activity significantly lags behind the historic peak established in 2001 with 1,939 permits. Averaging all permits pulled from 2000 to 2012 has given Fort Collins the residential permit per volume target of 1,000 annually. By Q2 2013 the city was over half way to achieving that target, though data in Fort Collins from Q3 is significantly down from Q2. Longmont and Greeley saw upturns in their residential permitting, while Loveland, like Fort Collins, saw numbers decline.
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.