On November 16, 2015, the Denver City Council unanimously approved the first reading of Mayor Hancock’s construction defect ordinance that we wrote about last month.
Continue Reading Mayor Hancock’s Construction Defect Ordinance Passes Important Hurdle
"Multi-unit Housing"
Law Expands CCIOA Exemption for some Pre-CCIOA HOAs
Colorado House Bill 15-1095, signed into law last week, relieves certain pre-1992 common interest ownership communities from some of the more burdensome requirements of the Colorado Common Interest Ownership Act (“CCIOA”).
Continue Reading Law Expands CCIOA Exemption for some Pre-CCIOA HOAs
Millennials and the Rent/Buy Decision: Are Construction Defect Laws a Factor?
As we’ve written in the past, Millennials have played a significant role in the revival of Denver’s economy. As increasing rent payments threaten to exceed monthly mortgage payments, however, Denver’s popularity among Millennials may diminish. Although worsening affordability has not discouraged Millennials’ interest in living in Denver thus far, as Millennials age and…
Colorado Apartment Vacancy/Rental Rates Suggest Market Optimism
This article in today’s Denver Post discusses how, despite some regional variation in vacancy rates and rents, the statewide trends suggest optimism among property managers and landlords concerning future demand.
The recent uptick in multi-family housing construction in some parts of Colorado indicates that developers may be feeling the same way.
It will be …
NAHB Study Shows Mature Housing Market Remains Weak
Builder confidence in the mature-housing market remained weak, according to 2010 first-quarter data from the National Association of Home Builders’ 55+ Housing Market Index (55+ HMI) – a quarterly survey of the association’s builder members engaged in the production of mature-market housing.
“The 55+ segment of the market is still stalled in most regions,” said…