Recently released data shows the U.S. economy is stronger than expected and the Colorado economy is on solid footing.
The best economic news was delivered by the BEA - U.S. real GDP for Q1 increased at a rate of 3.2%. In addition, the NAHB Housing Market Index is trending up, light truck and auto sales were strong in March, construction spending is up, and the 30-year mortgage rate is around 4.0%.
Colorado is on track to add 48,900 jobs this year. This is lower than expected, but, initial and continuing