The numbers are in about how Windsor has done financially throughout the first parts of summer, and while most of the figures indicate a continued sunny outlook of where things are headed economically, one area is down slightly from past years.
Building permits through the end of July for single-family residences — often viewed as one of the best indicators for growth — were down approximately 10 percent compared with that time the year prior. By the end of July in 2012, 277 permits had been filed. That number was 246 at the end of July 2013.
The final numbers aren’t yet available for August, but preliminary counts indicate 15 permits were filed through Aug. 20 in Windsor. Regionally, communities including Fort Collins have not yet reported their updated summer numbers, but town staff is predicting Fort Collins is likely leading the charge with Windsor clocking in at second place in the region and Johnstown potentially in third.
“I do not see it as any kind of indicator of trouble on the horizon,” said Dean Moyer, Windsor’s director of finance, in an email. “I think that as long as the oil and gas industry keeps providing good-paying jobs, developers keep doing reasonably priced homes and interest rates remain low, people will keep buying houses in this area.”
Windsor netted 437 single-family residential building permits in 2012, bested only locally by Fort Collins, which had 440. That was the third-highest permit-gathering year for Windsor — only 2000 and 2005 edged out higher, each with 451 permits. Major areas for development are shifting toward Highpointe, Fossil Ridge and Water Valley South, said Windsor Chief Planner Scott Ballstadt, adding that interest in platting new lots remains “strong,” indicating more subdivision applications could be on the horizon.
Beyond the slight dip in building permits, all other financial indicators continue to impress. The town, once again, netted its highest sales tax collection for July and now sits more than 15 percent higher than this time in 2012. At this rate, the town could surpass the $6.5 million mark.
It is not yet known what impacts the USA Pro Challenge bike race or numerous other summer festivities had on sales tax collection, though some of those numbers could surface near the end of the September.