Friday, December 7, 2012

Housing News Digest, December 7

Allonhill to lay off 140 Denver-based Allonhill LLC is laying off 140 workers, most of them in Denver, who were focused on its transactional mortgage business, company chairman Sue Allon told the Denver Business Journal Thursday. “This restructuring is in response to unforeseen circumstances,” Allon said. “We want to shift our focus to more profitable areas of the mortgage industry.” The affected employees were being notified Thursday and the layoffs will be done by mid-January, she said.

  Habitat Colorado celebrates 2,000th home, 1,000th in three years Eshondzhonov and his wife, Sameera Yasin, received the keys to their home in the Hillside subdivision on Tuesday — Colorado’s 2,000th Habitat for Humanity home. The couple said having a hand in remodeling the foreclosed home makes it feel much more like their own. “It was like watching home network,” Yasin said with a laugh. “I needed a sledge hammer to tear down the walls.”

  Soaring Rents Drive a Boom in Apartments As residential building recovers from a near standstill after the housing crisis, much of the momentum is coming not from subdivisions with green lawns and two-car garages but from rental apartments. Multifamily construction nationwide is two-thirds of the way back to its prerecession peak, while single-family home construction is still only about a third of the way back to its peak, said David Crowe, the chief economist of the National Association of Home Builders.

  Major homebuilders scooping up area lots LAFAYETTE — A pending boom in new single-family housing looks set to occur next year, led in part by some of the largest homebuilders in the nation. Meritage Homes of Colorado and Ryland Homes recently have purchased dozens of lots for new developments or to dramatically expand an existing community.

  King Soopers plan at 9th and Colorado: Will it calm critics of Walmart at today's meeting? To sweeten the pot, the release also mentioned a number of "additional tenants negotiating to locate at the site," emphasizing local roots (if they had them). That list included "Colorado-based Natural Grocers Vitamin Cottage," Home Goods, Larkburger, McAllister's Deli and Tavern Hospitality Group.