Colorado Association of REALTORS | Construction

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Construction

Building Permits Slowing in Denver Faster Than Most Cities, but Picking up in Colorado Springs and Greeley

Posted on May 3, 2023

Construction, REALTOR® News, Residential Housing

Denver metro construction is slowing from its highs in 2021, according to a new report by real estate brokerage Point2Homes. The brokerage analyzed the number of home building permits issued in 2021 and 2020 in metro areas and states. The Denver metro area is seeing some of the steepest year-over-year declines in permitting in the nation. In contrast, the report also shares...

Pueblo Still Seeing Gains in Prices & Home Building Materials

Posted on April 14, 2022

Construction, REALTOR® News, REALTORS® in the News, Residential Housing

The 279 homes sold in Pueblo in March made for an extra $89 million in profits for sellers, and interest rate increases have not had a huge impact on sales. Sales prices were up 24% over last year and there’s not much change on the horizon, said Dave Anderson, a CAR Spokesperson. “Lumber prices are coming down only a hair, supply chain issues continue, and...

Northern Colorado Wildfire Homeowners Face Many Challenges to Rebuild

Posted on January 7, 2022

Communities, Construction, REALTOR® News, REALTORS® in the News

In addition to the historic low inventory in housing in Colorado, homeowners affected by the fire cannot rebuild quickly enough. “It’s going to take forever,” said Kelly Moye, CAR spokesperson and Boulder REALTOR®. A home in the Denver metro area that once took 5 months to build now takes 10 months. In what the Associated Press is calling “Pandemic-era challenges,” the obstacles to rebuilding include labor...

Developers working on affordable housing in Colorado’s mountains – Offer suggestions for pending wave of funding

Posted on June 14, 2021

Communities, Construction, Consumer Awareness, Government Affairs, Market Trends, Market Trends & Statistics, REALTOR® News, Residential Housing

The unprecedented housing crisis in Colorado will soon see an equally extraordinary flood of cash. In Colorado's high country, where affordable housing is a decades-long issue that exploded into a catastrophe last year, an army of developers on the front lines of a complex campaign to build workforce housing are ready to help guide the sudden influx of funding. Once the...

Limits on Growth Get Attention During Affordable Housing Discussion

Posted on February 18, 2020

Construction, REALTOR® News, Residential Housing

CAR hosted a panel discussion on housing affordability at its REALTOR Day at the Capitol & Economic Summit, held Feb. 13-14, 2020 in Denver. Growth limits, including a November 2020 ballot initiative aimed at curbing construction of residential housing, were among the topics discussed. Panelists included Alison George, director of the state Division of Housing; Karen Kallenberg, executive director of...

Lakewood City Council Approves Residential Growth Restriction Plan

Posted on January 28, 2020

Communities, Construction, Consumer Awareness, General, Government Affairs, REALTOR® News, Residential Housing

In July 2019, Lakewood voters passed Question 200, which restricts residential growth to one percent per year. That equates to about 700 new residences in 2020. Now, the Lakewood City Council has finally approved a plan on how the city will enact the voter-approved housing cap. The plan passed by councilors on Jan. 28 takes into account the hundreds of...

Garfield County’s Housing Supply Continues to Shrink

Posted on January 21, 2020

Communities, Construction, Local Association, Market Trends, Market Trends & Statistics, REALTOR® News, REALTORS® in the News, Residential Housing, Stats & Trends

“While our market continues to struggle with low inventory, which of course results in higher prices, we are starting to see some new construction which brings hope to first-time homebuyers as well as move-up buyers,” said Erin Bassett, president of Glenwood Springs Association of REALTORS. “Spring should bring new resale inventory as well.” “We just, honestly, have no inventory,”...

2020 Forecast: Colorado Is Getting Older and Narrowing the Housing Gap, But Really Needs Middle-Wage Jobs

Posted on January 7, 2020

Construction, General, REALTOR® News, Residential Housing, Stats & Trends

Tamara Chuang, who covers business and economic issues for the Colorado Sun, recently wrote an article highlighting Colorado's economic and population growth over the past decade. Colorado's population is expected to hit 5,842,076 people in 2020, an increase of 1.5 million people over the past 20 years. Elizabeth Garner, Colorado's state demographer, says that while the state's population has grown...

September Housing Market Trends: Home Sales Decline as Colorado Housing Markets Work to Find Their Sweet Spot Amid Seasonal Challenges

Posted on October 10, 2019

Commercial Real Estate, Communities, Construction, Market Trends, Market Trends & Statistics, REALTOR® News, REALTORS® in the News, Stats & Trends

Regional and Statewide Statistics Contact: Marty Schechter for CAR 303-882-4585 cell marty@schechterpr.com ENGLEWOOD, CO. – Oct. 10, 2019 – Single-family home sales across the state fell more than 14 percent from August to September but remain up 9.1 percent over September 2018 in the seven-county Denver metro area and 5.3 percent statewide, according to the latest monthly market data from the Colorado Association of...

FHA Condo Rule Change Could Help More Buyers Break into Boulder Market

Posted on September 30, 2019

Communities, Construction, Government Affairs, REALTOR® News, Residential Housing

On Oct. 15, new rules will go into effect that will reduce regulatory barriers, making purchasing a condo in more expensive markets a bit easier. For example, the new rule will allow certain individual condominium units to be eligible for FHA mortgage insurance even if the condominium project is not FHA approved. (The condo unit needs to be in a...