The tight labor market continues to put a strain on new development. In some cases, larger developers are choosing to remain on the sidelines and leave the market to smaller developers whose projects tend to cater to the higher end of the market. The unemployment rate is one of the lowest in the country, and the strong economy is encouraging eligible workers to search for new jobs. However, while the employment situation looks good on paper, an increasing amount of available jobs in the state are low-paying, and wages have remained relatively flat. This is making it challenging for the Average Denver resident to afford the median priced home. 

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