Pikes Peak Housing Crisis: A Growing Challenge and How We Can Build Hope Together

The Foundation is Cracking

The housing crisis in the Pikes Peak region is like a house with a faulty foundation—unstable, threatening to collapse, and in desperate need of repair. The once-affordable dream of homeownership in this scenic Colorado area is slipping out of reach for many, as demand skyrockets and supply dwindles.

In this post, we’ll break down the causes of this crisis, its effects on the community, and, most importantly, how companies like Coons Construction are stepping in to rebuild hope.

1. A Crisis Built Over Time: Understanding the Housing Shortage

The Pikes Peak region’s housing market has been a ticking time bomb, with explosive population growth outpacing housing construction.

Over the past decade, Colorado Springs has consistently ranked as one of the most desirable places to live, attracting new residents. But as demand surged, homebuilders struggled to keep up, resulting in a gap of over 12,000 affordable housing units in 2024, according to the Pikes Peak Housing Report.

Practical Tip:
Advocate for local zoning changes that allow for higher-density housing, such as duplexes or apartment complexes, to meet rising demand.

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2. Affordability: The Missing Piece of the Puzzle

While the Pikes Peak area boasts stunning views and a high quality of life, it comes at a price. Median home prices in Colorado Springs have soared to over $450,000, far above what many families can afford. Renters aren’t spared either, with average monthly rents climbing nearly 50% in the last decade.

Quote to Inspire Action:
“Safe and affordable housing is not a privilege—it’s a human right.” – Jimmy Carter

Practical Tip:
Look into housing assistance programs and nonprofit partnerships. Coons Construction collaborates with organizations to create homes that are both affordable and sustainable.

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3. Why Builders Are Struggling to Meet Demand

The housing shortage isn’t just about demand—it’s about obstacles builders face every day. Rising construction costs, labor shortages, and bureaucratic red tape make it harder to build homes efficiently.

For example, in 2023, material costs for essentials like lumber and concrete rose by 15-20%, forcing many builders to increase home prices.

Practical Tip:
Support local builders who prioritize cost-effective and environmentally conscious construction practices, like Coons Construction’s innovative modular designs.

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4. The Human Impact of the Crisis

The housing crisis doesn’t just affect wallets; it impacts mental health, family stability, and even job opportunities. Families forced to spend over 50% of their income on housing often struggle with food insecurity and limited healthcare access.

Statistic to Consider:
More than 40% of households in the Pikes Peak region are considered cost-burdened, according to the Colorado Housing Coalition.

Practical Tip:
Donate to or volunteer with organizations addressing housing instability, such as Habitat for Humanity of the Pikes Peak Region.

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5. Building Hope: Coons Construction’s Role in the Solution

At Coons Construction, we believe every family deserves a safe place to call home. That’s why we’re committed to creating innovative housing solutions that address the root of the problem.

From building energy-efficient homes to advocating for affordable housing initiatives, we aim to bridge the gap between aspiration and accessibility. Check out our projects to see how we’re making a difference.

Practical Tip:
If you’re considering building a home, choose a contractor like Coons Construction that values community and sustainability.

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6. What Can You Do to Help?

The housing crisis may seem overwhelming, but every small step counts. Whether you’re a homeowner, renter, or community advocate, your voice matters.

Here are some ways you can contribute:

• Attend city council meetings to support housing-friendly policies.
• Advocate for tax incentives for affordable housing projects.
• Partner with local builders to create innovative housing solutions.

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Conclusion: Laying a New Foundation for the Future

The Pikes Peak housing crisis is a challenge we can overcome—if we work together. By addressing affordability, supporting builders, and advocating for change, we can ensure every family in our community has a place to call home.

At Coons Construction, we’re committed to being part of the solution. Let’s build a brighter future, one home at a time.

Call to Action:
Explore how Coons Construction can help you turn your housing dreams into reality. Visit our services page or contact us today to learn more.