Industry News

Builder confidence improves in May

May 15, 2013 — Washington, D.C. The NAHB/Wells Fargo Housing Market Index released results today that showed builder confidence in the new, single family home market was up three points over April's results. Builders were more optimistic about the next six months in all three index components: Current sales conditions, sales expectations and traffic of prospective buyers. Read more...

Home permits up 24 consecutive months

May 7, 2013 — New-home construction activity in the Denver metro area set a two-year growth streak, according to John Rebchook, editor of Denver's Inside Real Estate News. With a 48.6 percent jump in building permits, March's 627 building permits pulled marked the 24th consecutive month that permit activity has risen from the same month a year earlier. "The marekt continues to show good strength across the marketplace, pretty much all over the area [the metro Denver HBA serves]," said Jeff Whiton, HBA president and CEO. Read more...

Metro Denver new home market grows 52%

May 2, 2013 — Homebuilders in the Denver metro area started 52 percent more homes in the first quarter than in the first quarter last year, Metrostudy reported. For the previous 12 months that ended March 31, homebuilders started 6,084 homes, a 60 percent increase over the same period a year earlier. According to Metrostudy, this increase in housing starts reflects the organic growth needed to kick start — and maintain — a healthy industry.  Read more...