Monday, December 10, 2012

Housing News Digest, December 10

Rebuilding after fire just one factor in homebuilding's recovery Home construction in Colorado Springs’ fire-ravaged Mountain Shadows neighborhood has given a slight boost to homebuilding in the Pikes Peak region this year, but isn’t the main factor in the industry’s recovery. A Pikes Peak Regional Building Department report released Monday showed the pace of homebuilding in the Springs and surrounding El Paso County has risen to a five-year high in 2012.

  Non-profit nabs transit-oriented development for low-income folk LAKEWOOD — The first chunk of money from Colorado's portion of a massive national settlement with mortgage lenders is helping purchase a low-income housing project near a FasTracks commuter-rail line. The nonprofit Urban Land Conservancy bought the Villas at 1330-1337 Yukon St. in Lakewood last week for $7 million.

  California company buys Village Homes A California homebuilder announced Monday it's entering the Colorado market with the purchase of "various entities" operating under the Village Homes name in Denver, Fort Collins and Granby. William Lyon Homes Inc., of Newport Beach, Calif., didn't disclose what it paid.

  OtterBox plans new Fort Collins offices, eatery • One of Fort Collins’ fastest-growing businesses is planning a new mixed-use building for offices and a restaurant at 331 S. Meldrum St. OtterBox has proposed razing the existing building at the northwest corner of South Meldrum Street and West Magnolia Street and replacing it with a five-story, 54,000-square-foot building. The city will hold a public administrative hearing at 5:15 p.m. Dec. 17 at 281 N. College Ave. to consider the proposal. The site is zoned Downtown Canyon Avenue Subdistrict, which allows offices and restaurants. For more information about the project, visit http://bit.ly/OtterBox Expansion. Comments on the proposal can be sent to Seth Lorson, city planner, at slorson@fcgov.com.

  Denver slips in economic rankings On Numbers, an economics blog by G. Scott Thomas of American City Business Journals, has been publishing the Economic Index since August. Eighteen statistical indicators are considered to rank economic conditions in the 102 major metropolitan areas with populations greater than 500,000. Among the factors are private-sector job growth, unemployment, earnings, housing-price appreciation, and construction and retail activity.