“Multiple studies have highlighted how Colorado’s housing supply has not kept pace with housing demand and is particularly deficient relative to other states.”The report concluded that in 2023, Colorado had a housing shortfall of 106,000 units. Researchers analyzed census data including the total housing units in the state, number of households, age of heads of household, number of second homes and number of uninhabitable units. “Since 2020, 43,000 housing units have been built on average annually, a marked increase from the previous decade’s housing production. The right-leaning American Enterprise Institute estimates that the Colorado housing shortfall sits at about 180,000 units, the sixth highest in the country. Housing policy group Up For Growth found that Colorado needs about 105,000 units to meet needs as of 2022.