HBA Happenings
2018 Parade of Homes Industry Night

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BROOKFIELD MOVES INTO CASTLE PINES VILLAGE
Castle Pines Village gatehouse
Castle Pines Village gatehouse
Acquires 9 acres on which it plans to build 43 homes.
Brookfield Residential of Colorado has acquired 9 acres in the gated community of Castle Pines Village on which it plans to build 43 high-end homes next year. Terms were not disclosed.

The effort represents Brookfield’s sixth active building site in Colorado, its first being the community of Midtown at Clear Creek in Denver in 2013. Brookfield has designated the lots into two categories: 29 for front-loaded, single-family homes and 14 for duplexes. The duplex units will average 2,200 square feet, according to current plans.... Read more...


Denver homebuilder enters another hot West Coast market
Richmond American Homes Cityscapes at Southcreek
A homebuilder that builds structures occupying lots throughout the U.S. is, for the first time, digging up dirt in the Portland Area. Richmond American Homes of Oregon Inc., a subsidiary of Denver-based M.D.C. Holdings Inc. (NYSE: MDC), said Monday it has made a foray into a Beaverton development. Kemmer Ridge homes will sit near Beaverton's Washington Square, at 9946 S.W. 173rd Ave.. Richmond American Homes of Colorado Inc., another M.D.C. subsidiary, was the largest homebuilder in the Denver area in 2016.... Read more...


Primaries Set Candidates for Major Statewide Races
GAC Takes Positions on Ballot Measures
The outcome of every political season is important to Colorado's economy, business climate and homebuilding industry, but the 2018 election likely will be the most critical for a while. With Coloradans picking a new governor and attorney general, and the political balance of the state Senate in question, there is much at stake for homebuilders across our state.

As you probably already know, Democrat Jared Polis, a U.S. Congressman from Boulder, will face Republican state Treasurer Walker Stapleton for governor. Each easily won their primaries, and both campaigns will have large war chests. The gubernatorial primary set a new spending record, with more than $40 million spent by candidates and super PACs on both sides of the aisle. ... Read more...


Safety first and foremost
Shea maintains Master Builder status for fourth consecutive year
Highlands Ranch – Jobsite safety is integral part of Shea Homes’ commitment to quality and integrity, and the Colorado homebuilder is thrilled to have maintained its Master Builder status level of the Homesafe® Colorado Partnership for a fourth year. In 2015, the Home Builders Association (HBA) of Metro Denver in partnership with the Occupational Safety and Health Administration (OSHA) awarded Shea Homes the highest honor bestowed under the HomeSafe® Colorado Partnership granting the homebuilder Level 3 Master Builder status. Shea has worked diligently to keep that status each year since.... Read more...


DU Home Building Technology Study 2018
Eric A. Holt, PhD. and the Franklin L. Burns School of Real Estate & Construction Management are doing a research study on the software and technology currently utilized by the home building industry. They are hoping you will be willing to participate.

Once the data is analyzed, Dr. Holt plans to publish summary articles that will be shared on this website. ... Read more...


Denver Momentum Persists
 
"In metro Denver/Boulder, April year-to-date sales over $400K were up roughly 13%, while contracts for homes priced under $400K grew 41%. We will watch to see if rising rates shift demand more towards lower priced homes," explains our Senior Vice President of Advisory and Denver expert, Mike Rinner.

Jeff Whiton, the CEO of the Home Builders Association of Metro Denver, notes that builders are scrambling for higher density product. He explains, "Single-family attached starts are up 35% in the first third of the year, and I expect that trend to continue." ... Read more...


No on 66 Campaign Succeeds
Dear HBA Members:

By now you have heard the good news about activist Dan Hayes’ intention NOT to proceed with the limited growth measure called Initiative 66. The Coalition of which the HBA and CAHB were instrumental, made the right decision this week by releasing a portion of our data, and it had the very intended effect we had hoped for. Hayes declared via the press that he is not going to go any further with this issue on this ballot. And, we are again on record with the press talking about how a measure such as this will exacerbate our housing affordability issue.

We thank you very much for your support on this issue – even as recent as yesterday. Our industry and the Coalition industry partners put forth an incredible effort, as did the very experienced and competent campaign consultant we hired. The work we focused on in Phase One of our campaign will pay dividends beyond this cycle; as we are prepared to meet any future challenges on... Read more...


Colorado home builder, with new buy, says it's now in U.S. top 10
Dale and Rob Francescon of Century Communities.

 

A Colorado home builder said that with its latest acquisition on Thursday, said it's now one of the nation's top 10 largest home builders.

Century Communities Inc. (NYSE: CCS) of Greenwood Village said it acquired the remaining 50 percent of Wade Jurney Homes of Greensboro, North Carolina.

The acquisition (terms weren't disclosed) puts Century in the nation's top 10 for builders, the company said, and it now has operations in 12 states. “This transaction establishes Century ... Read more...


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