HBA Happenings
2018 Parade of Homes Industry Night

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Half of US Homes Built before 1980
The median age of owner-occupied homes is 37 years, according to the latest data from the 2016 American Community Survey. Compared to a median age of 31 years in 2005, the U.S. owner-occupied housing stock is aging gradually. This aging trend is primarily because of modest gains in residential construction over the past decade.

This aging housing stock signals a growing remodeling market, as old structures normally need to add new amenities, or repair/replace old components. Rising home prices also encourage home owners to spend more on home improvement. Moreover, the number of owner households has been rising since the third quarter of 2016. This indicates a strong rising demand for new construction over the long run, as current owner-occupied housing stock is older.... Read more...

New condo development hits the market in Denver's Hilltop neighborhood
A rendering of Monaco 155
A rendering of Monaco 155, 41 condo units in Denver's Hilltop neighborhood. They are expect to deliver at the end of 2018.
Presales for 41 condos at 155 S. Monaco Parkway has begun, per Peter Kudla and Metropolitan Homes.

Starting at $340,000, the condos are part of the Crestmoor Heights Development in Denver's Hilltop neighborhood.

The most recent part of that development was 25 townhomes, priced from $600,000 to $750,000, all of which have sold.

“There are many people who want to own a condominium in Denver, but prices in the newer developments are skyrocketing and not attainable for most,” said Peter Kudla, of Monaco One Fifty Five. “Our condominiums are more reasonably priced and provide a boutique-style of living in a great location, alongside one of the city’s most cherished parks."... Read more...

Final approach: Two decades in the making for Stapleton housing

A workman carries planks of wood for a house while working on new homes in the Beeler Park neighborhood of Stapleton on Wednesday. Photos by Helen H. Richardson, The Denver Post
Homes will soon rise in Stapleton’s 12th and final neighborhood, marking the beginning of the end of a two-decade boom for single-family home construction in Denver.

Developer Forest City is about to release the first of 1,300 single-family lots just south of the Rocky Mountain Arsenal National Wildlife Refuge on land that once hosted the northern runways of Stapleton International Airport.

A construction wave that started with Stapleton’s South End neighborhood in 2001 will bookend with the North End neighborhood. Once the last home on the last street is sold, probably some time in 2021, only commercial lots will be left.... Read more...

Is your Jobsite Ready for an OSHA Inpection?


Team up for Safety
The JobSite Safety Committee is comprised of an experienced team of professionals dedicated to promoting and developing safe working environments in the home building industry. JobSite Safety Committee members work collectively to facilitate the goal of accident and injury free job sites by providing EDUCATION, TRAINING, SAFETY CERTIFICATIONS, and PEER SUPPORT.

Committee members work to minimize construction job site hazards and risks. Among its efforts is HomeSafe® Colorado, a first-of-its-kind program that began as a partnership between the HBA of Metro Denver and OSHA.

The HomeSafe® program offers employers in the State of Colorado home building industry voluntary development and implementation of effective work-site safety and health programs, typically resulting in measurable reductions in work related injuries, ... Read more...

Get Your Denver Design Fix at the 2018 Parade of Homes

Epic Homes’ new Pinnacle plan, which features a gorgeous master bathroom, is on display at 16151 Mount Oso Pl. in
Anthem Highlands, Broomfield.
Photo courtesy of Epic Homes
Find design details and local pros to inspire your next remodel or new home at this August’s showcase of 75 new and for-sale homes.
No matter your budget or your neighborhood, this year’s Parade of Homes offers inspiration and plenty of eye candy. In celebration of the Home Builders Association of Metro Denver’s 75th anniversary—the professional trade organization produces the tour—the free event includes 75 new homes ranging in price from $299,000 to $2.1 million. And, if you like what you see, every property is for sale.

The parade runs Thursdays through Sundays from 11 a.m. to 6 p.m. from August 9 through August 26, and spans the metro area, from Castle Rock to Windsor, Arvada to Aurora. New this year is a mountain stop, with two homes in Winter Park. Five featured Dream Homes include a 3,300-square-foot Franktown home by Lokal Homes, priced at $1.5 million. “Don’t miss the Dream Homes,” says Karna Pryor, the event’s co-chair. “There are so many takeaways inside.”... Read more...

Capitol Close Up - Summer 2018
Government Affairs Update; HBA Policy Survey; Legislative Incombent Support
The Colorado Association of Homebuilders and the HBA of Metro Denver contingent traveled to Grand Junction this July for its quarterly board and committee meetings. The Government Affairs Committee met to receive updates on several ballot initiatives and to continue its preparation for the impending 2019 legislative session. ... Read more...

Brookfield and Forest City Announce Acquisition Agreement
Brookfield Fund to Acquire Forest City for $25.35 per share in $11.4 Billion Transaction
Portfolio Includes 18,500 Multifamily Units and 10.8 Million Square Feet of Prime Office, Life Science and Retail Space in Major Cities in the U.S.

NEW YORK and CLEVELAND, July 31, 2018 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc. (“Brookfield”) (NYSE:BAM) (TSX:BAM.A) (Euronext:BAMA) and Forest City Realty Trust, Inc. (“Forest City”) (NYSE:FCEA) today announced that they have entered into a definitive agreement under which a Brookfield real estate investment fund will acquire all of the outstanding shares of common stock of Forest City for $25.35 per share in an all-cash transaction valued at $11.4 billion, including Forest City’s proportionate share of consolidated and unconsolidated debt. The purchase price represents a premium of 26.6 percent over Forest City's closing share price of $20.03 on June 15, 2018, the day prior to recent market speculation that Brookfield was engaging in discussions to acquire Forest City. The proposed transaction has been recommended by the Board of Directors of Forest City and is expected to close in the fourth quarter of 2018.... Read more...

Overburdened sewer system has new development on hold
Image courtesy of City of Westminster.  Click for larger map. 
Westminster City Council OKs year-long moratorium
A Westminster sewage collection network in so overtaxed and outdated, the City Council has enacted a year-long moratorium on new development that would feed into it.

The health and well-being of city residents is believed to be at stake.

The 22-mile-long Big Dry Creek Interceptor Sewer system collects sewage and wastewater from about two-thirds of the city of more than 110,000 people. It serves nearly all of Westminster north of West 92nd Avenue and south of 124th Avenue.

After being briefed about the sewer’s capacity, age and condition issues last week, the City Council on Monday night unanimously adopted an emergency ordinance that freezes acceptance of new, large-scale development proposals in the area served by the Big Dry Creek network for up to a year.... Read more...

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