This story was first published at Colorado Newsline.

DENVER | The housing shortfall in Colorado is north of 100,000 units, but that number is dropping from a peak in 2019, according to an analysis from state demographers that looked at data up until 2023.

Demographers say that 34,100 new homes will need to be built each year to prevent that shortfall from growing over the next decade.

“Since 2000, Colorado’s housing market has undergone significant transformation. Population growth has outpaced new housing development, resulting in supply constraints and escalating costs,” the report reads. “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, Co

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