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Construction to Slow in Colorado

DENVER-Construction projects will total $9.05 billion next year, down from the $10.75 billion this year, the lowest level since 1996. Meanwhile, construction employment will drop 6.1%, according to the 37th Colorado Business Economic Outlook Forum.

By John Rebchook | Updated on January 02, 2002

DENVER-Neither a slowing economy nor the Sept. 11 terrorist attacks on Colorado’s construction industry in 2001, according to the 37th Colorado Business Economic Outlook Forum. The forum, presented by the Leeds School of Business at the University of Colorado at Boulder and KeyBank, notes there was already so much momentum that it carried new projects forward.

That won’t be the case in 2002.

“In 2002, however, there will be significantly less construction activity,” the report notes. “This situation will not be terrible by historical standards as the volume of work will still be similar to the healthy years of 2997 and 1998.”

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