Industry Articles
HBA of Metro Denver’s SMC is Gold Winner at Nationals
The Nationals Awards winners were announced January 31st at the Nationals Gala in Las Vegas (during IBS), and HBA of Metro Denver’s Sales & Marketing Council was named best SMC in the nation for 2022, in its size category. The Sales and Marketing Council (SMC) of Metro Denver has been named the National SMC Council…
Read MoreNAHB: A Housing Downturn in 2023 Followed by a Recovery in 2024
The housing recession that began in 2022 will bleed into 2023 as elevated inflation and mortgage rates, coupled with stubbornly high building material construction costs, continue to take a toll on the housing industry and are expected to push the overall economy into a mild recession this year. However, the second half of 2023 could…
Read MoreBuilder Confidence Uptick Signals Turning Point for Housing Lies Ahead
A modest drop in interest rates helped to end a string of 12 straight monthly declines in builder confidence levels, although sentiment remains in bearish territory as builders continue to grapple with elevated construction costs, building material supply chain disruptions and challenging affordability conditions. Builder confidence in the market for newly built single-family homes in…
Read MoreCall for HBF Blitz Build Crews
Home Builders Foundation (HBA’s Charity of Choice) is thrilled to announce that signups to participate in HBF’s Blitz Build are now open. Below is the info for those that want to participate: HBF is changing up Blitz Build for 2023. Instead of a single 3-day weekend with 15+ crews, we are going to be offering…
Read MoreTap into HBA’s $5Billion Home Building Market
The Home Builders Association of Metro Denver is the place to tap into the owners, leaders and decision makers of the eight-county home building sector. The HBA of Metro Denver represents Builder Members from custom home builders to large production builders, that in 2021 accounted for an astounding 84% of all closings in the metro area. The…
Read MoreHow and When Will Housing Rebound?
NAHB Chief Economist Robert Dietz recently provided this housing industry overview in the bi-weekly e-newsletter Eye on the Economy. Housing data for the end of 2022 illustrate a market continuing to weaken because of low housing affordability, largely as a result of elevated mortgage interest rates. At the start of 2023, the average 30-year fixed…
Read MoreThe HBA Advocate Newsletter | January 3, 2023
January 3, 2023 Commerce City Council Passes Metro District Moratorium On December 19, the Commerce City Council approved a 12-month moratorium on the use of metropolitan districts for residential development within the municipality on a 5-2 vote following the resignation of Councilmember Rick Davis and Council member Oscar Madera absent from the hearing that evening.…
Read MoreTake Action on Transformers
Take Action on the National Transformer Shortage As a national shortage of electric distribution transformers and other important electrical components has stalled home and apartment construction across the country, the National Association of Home Builders has been calling attention to the crisis. As the current Congress comes to a close – YOUR VOICE can help…
Read MoreCall For 2023 Sponsorships ~ Support Your Association Today!
New this year, all HBA sponsorships will expire in December, and it is time to think about sponsorships for 2023. Download 2023 Sponsorship Information at http://hbadenver.com/sponsor Our sponsorships at the HBA now run the calendar year, from January to December, and we have the 2023 sponsorship packages available for your review at http://hbadenver.com/sponsor. As you…
Read MoreAn End to Large Rate Hikes from the Fed?
By ROBERT DIETZ, NAHB Chief Economist Continuing its tightening of financial conditions to bring the rate of inflation lower, the Federal Reserve’s monetary policy committee raised the federal funds target rate by 75 basis points, increasing that target to an upper bound of 4%. This marks the fourth consecutive meeting with an increase of 75…
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