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From 2015 to 2023, Louisville issued <br />488 residential building permits, of <br />which 207 (42%) have been issued a <br />Certificate of Occupancy." In total, <br />the City issued 328 permits (70% of <br />total permits) for single-family <br />detached homes, 108 permits (16%) <br />for single-family attached housing <br />(townhomes and plex development), <br />and 31 permits (4%) for multifamily <br />housing. Of permits issued from 2015 <br />to 2023, 250 (54%) were permits for <br />Marshall Fire recovery, for which all <br />permits were for single-family <br />detached homes. <br />Exhibit 47 shows the total amount of <br />residential units permitted each year <br />between 2016 and May 2023. <br />Residential development in <br />Louisville began to decline <br />substantially between 2018-2021. The <br />sharp increase in units between 2022- <br />2023 is almost entirely due to the <br />permitted of replacement units from <br />the Marshall Fire. 96% of units <br />permitted between 2022-2023 were <br />Marshall Fire - Single Family <br />Detached units. <br />Housing Market Trends <br />Exhibit 45: Louisville Permit Data by Housing Type and <br />Stage of Completion, Louisville, August 2015 - May <br />2023 <br />Source: City of Louisville <br />250 <br />200 <br />150 <br />100 <br />50 105 7 <br />0 27 71 <br />Marshall Multi -Family Single Single <br />Fire - Single Family Fam i ly <br />Family Attac hed Detached <br />Detached <br />—Certificate of Occupancy Issued <br />Exhibit 46: Louisville Annual Residential Permit Data by, <br />Louisville, 2016 - May 2023 <br />Source: City of Louisville <br />160 <br />140 <br />120 <br />Y <br />D 100 <br />° 80 <br />60 <br />z <br />40 <br />20 <br />2016 2017 201E 2019 2020 2021 2022 2023 <br />Housing market cost data can provide insights into the attainability of existing housing stock in <br />a city. Key findings include: <br />Jurisdictions across Boulder County have experienced significant home price increases <br />in recent years. Louisville has the second highest average home sale price among <br />comparison geographies as well as the second highest rate of home sale price increase. <br />â–  Louisville also has the second highest rate of rent increases over the time period, and the <br />third highest rent rates of comparison geographies. <br />" Certificates of Occupancy are granted for commercial, industrial, and multifamily projects. Occupancy is granted <br />(via a completed inspection card) for single family and duplex development. <br />ECONorthwest <br />39 <br />