Monday, October 15, 2012

Housing News Digest, October 15

Colorado real estate market rises, but builders still handcuffed
So far 2012 is proving to be a "breakout year" for residential real estate despite ongoing problems for financing new-home construction, a national housing economist said in Denver Monday. Home sales so far this year are up 8 percent nationally and in a range of 10 to 12 percent in Colorado compared to last year, said Lawrence Yun, cheif economist of the National Assocaition of Realtors. 

  Roadside America: Colorado's Roaring Fork Valley If you were to ask most Americans if they'd heard of the Roaring Fork Valley, you'd get a blank stare. Mention Aspen, however, and the light goes on, regardless of their social or economic standing (blame reality TV, our cultural obsession with celebrity, and 1970s/Reagan-era excess). Aspen may be the St. Moritz of the U.S., but its location at the upper (southeast) end of the western Colorado's stunning Roaring Fork Valley is what makes it special. The 50-mile valley runs along the river of the same name (the Frying Pan and Crystal Rivers down-valley are tributaries that provide top-notch fly-fishing and paddling).

  Commercial real estate woes persist The commercial real estate market in the Colorado Springs area continued to soften during the third quarter as vacancies edged higher and rents fell slightly, according to the latest report from Turner Commercial Research. Conditions aren’t likely to improve until after the November election — and then only if the local economy starts generating jobs, said Paul Turner, owner of the local independent real estate research firm.

  Manufacturing bouncing back as U.S., Colorado companies reshore jobs In years past, if you bought an iPhone case from Fort Collins-based OtterBox, the nation's leading cellphone casemaker, it was a given that the product, like the gadget it protects, wasn't made in the U.S.A. That's starting to change. "We've been able to reshore about 15 to 20 percent of our volume back to the U.S. from China over the last year," said Bill Lovell, OtterBox's global director of supply chain.

  Colorado: Hearing on controversial uranium mill starts; conservation groups get formal party status SUMMIT COUNTY — After a start-stop permitting procedure for a proposed uranium mill in southwestern Colorado was marred by inadequate public hearings, state officials will once again take input in formal proceedings starting Oct. 15. This time, a judge has given three conservation groups formal standing for the hearings, which means that environmental advocates will be able to introduce evidence, testify and cross-examine witnesses.