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Springs commuters buoy Pueblo housing market

Mon, Feb 28, 2011

News

40 percent of new homebuyers in Pueblo last year commuted to Colorado Springs for work, according to a new report from Springs-based Summit Economics.

“It appears that Pueblo has emerged as a viable, affordable housing option for people who work 40 miles to the north in Colorado Springs,” the report said.

Pueblo-based workers accounted for 42 percent of new home sales in the area, and new retirees made up the remaining 18 percent.

The 40 percent of new home sales bought by Springs workers is up from 25 percent in 2009, and 11 percent in 2003. 

Still, the number of Springs commuters buying new homes in Pueblo is expected to have peaked in 2010, as Pueblo-based workers return to the new homes market.

The full report can be found here.

Further analysis can be found here.

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