Colorado was the fifth-fastest growing state in the country last year, according to an article in the current issue of Forbes Magazine. Colorado added over 97,000 residents in the survey, moving up from eighth in last year's rankings.Nevada, which has been battered by foreclosures and job losses, fell to eighth last year after being ranked in the top four for 23 consecutive years.
With new residential home construction essentially non-existent in the state, the addition of yet another 100,000 new residents should provide more spark to a recovering housing market - and more competition for an already scarce inventory of rental homes.
Utah, Wyoming and Idaho also ranked in the top ten states for growth, showing again that the mountain west region is alive and well, even in a down economy.
