Construction industry boom led to record-breaking 2021
Last updated 1/11/2022 at 2:36pm | View PDF
The construction industry was busy yet again in 2021, giving the Pikes Peak Region’s economy a much needed boost, amidst the lingering effects of the COVID-19 pandemic.
The year got off to an extremely hot start with unprecedented home building in January and February. By the end of the year, the Pikes Peak Regional Building Department issued 5,072 single family home permits. That tops the 2020 total, and is the 2nd year in a row, the Department has issued more than 5,000 single-family home permits.
The commercial construction sector exploded in 2021, with 550 new commercial projects, a 34-percent increase over 2020. Some of the new high profile projects include a new hospital, two new medical centers, a Coca-Cola distribution center, five new hotels, and Colorado’s first Whataburger.
The biggest increase in commercial construction came from apartment complexes. PPRBD permitted 3,943 new apartment units, a 147-percent increase. Nearly a fourth of those apartments are located in downtown Colorado Springs. If you include unfinished complexes permitted in 2020, there are more than 5,000 apartments under construction right now.
With residential and commercial projects combined, the estimated valuation for construction in the Pikes Peak region in 2021 was more than $4.3 Billion. That is an 11-percent increase over 2020. The apartment projects alone were estimated at $589-Million.
PPRBD is proud to have played a part in the construction industry’s success by keeping the builders moving, while still meeting our goal of keeping our community safe through efficient and consistent application of adopted codes and standards.
That work certainly kept the Department busy. For the 2nd straight year, a record number of plans were submitted for review. There were 17,084 plans submitted, a 14-percent increase over 2020.
Meanwhile out in the field, it was also a record breaking year for inspections with 345,513 total inspections. That is a 5-percent increase over 2020.
2021 Notable Numbers
1. Total Permits - 83,648 (5% more than 2020)
2. Single Family Home - 5,072 (4 more than 2020 and 2nd year in a row topping 5,000)
3. Townhomes - 555 (32% increase over 2020)
4. Apartment Buildings - 106 New Buildings (3,943 units gained. A 147% increase)
4. Downtown COS Apts - 831 units were permitted downtown
5. Hotels - 5
1. Total Plan Submittals - 17,084 (14% increase over 2020. 2nd record breaking year in a row)
2. Submitted Electronically 93% of plans were submitted online
3. Total Reviews - 61,763 (18% increase over 2020.)
1. Total Inspections - 345,513 (5% increase over 2020; 2nd record breaking year ina row)
2. Daily Average - 19 per inspector and 1,372 department total
3. Miles Driven - 1,385,675 miles
4. Electronic Inspections - 11%
About Pikes Peak Regional Building
Regional Building serves as the building authority for El Paso County, Colorado Springs, Fountain, Manitou Springs, Green Mountain Falls, Monument, Palmer Lake, and the Town of Woodland Park in Teller County. PPRBD is proud to offer THE lowest building fees for single family homes in the entire State of Colorado.