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Entries posted by becky.hurley
Reporter for the Colorado Springs Business Journal covering real estate, construction and other topics related to small business.

July foreclosures, mortgage delinquencies up

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Foreclosure rates in Colorado Springs increased slightly for the month of July over the same period last year, according to CoreLogic. The most recent statistics were compiled using a three-month running average for May-June-July 2010, which included some home-buyer tax credit sales. According to the report released this week the rate of Pikes Peak region foreclosures… Continue Reading July foreclosures, mortgage delinquencies up

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Flying Horse Ranch set for auction

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The 3,600-acre Flying Horse Ranch in Park County, purchased by Classic Cos. CEO Jeff Smith in 2002, will be sold at auction Oct. 22. The ranch is owned by the Smith family and is not part of Classic Cos.’ local Flying Horse real estate development. The property is listed for sale with Hayden Outdoors, a… Continue Reading Flying Horse Ranch set for auction

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Home builders continue to lose market share

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Hanley Wood, a real estate industry data and analysis provider, said this week that builders’ piece of the housing market pie has shrunk by almost 50 percent since the height of the market in 2006. New home sales at that point enjoyed a 20-percent share of all home sales. In a post housing-bubble world, however,… Continue Reading Home builders continue to lose market share

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Construction industry begins to recover jobs

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Construction employment expanded in 56 out of 337 metropolitan areas between August 2009 and August 2010 according to a new analysis of federal employment data released this week by the Associated General Contractors of America. More cities added construction jobs during the past year than at any point since September 2008, indicating that the worst… Continue Reading Construction industry begins to recover jobs

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Last week’s 2010 U.S. Olympic Assembly generated news on several fronts. First, the Board of Directors for the U.S. Olympians Association passed an amendment to include Paralympians as part of its organizational membership. The move not only expands the organization’s membership, but also brings with it a name change: U.S. Olympians and Paralympians Association. The… Continue Reading U.S. Olympians Association now includes Paralympians

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Coloradans swamped with debt

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The number of Coloradans enrolled in debt management contracts grew by more than 44 percent during 2009. Another 7,912 state residents enrolled in a credit counseling program, up 7.8 percent from the prior year, according to the state attorney general’s office. In his second annual report released today, Colorado Attorney General John Suthers said consumers… Continue Reading Coloradans swamped with debt

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Buyer’s housing market leaves room for hurdles

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Economists have grown less bearish about home prices this year but Colorado Springs, like much of the rest of the nation, remains a buyer’s market. So, what it’s like to shop for a house today? Deals are plentiful, to be sure. But it’s not what you’d expect. Buyers today need plenty of patience, a willingness… Continue Reading Buyer’s housing market leaves room for hurdles

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More than two-thirds of the 369 contractors, equipment distributors and industry service suppliers who answered a quarterly e-mail survey said they expect the economic downturn for the U.S. construction industry to last until the third quarter of 2011 or beyond, Wells Fargo Equipment Finance reported this week. Regarding the level of construction activity in their… Continue Reading Builders expect downturn to last into 2011 and beyond

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Heavy construction spending steadily increasing

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Heavy construction spending on roads, bridges and other infrastructure increased 1 percent in July for total growth of 6 percent above the year’s low point in February. That’s still 6 percent below the stimulus-boosted peak level last fall, according to Reed Construction Data economist Jim Haughey. The current gain came from a large jump in… Continue Reading Heavy construction spending steadily increasing

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Warrior Games returning to Springs in 2011

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The U.S. Women’s Open won’t be the only prestigious athletic event hosted by the city in 2011. The U.S. Olympic Committee, the Department of Defense and the United Service Organizations announced that the Warrior Games will return to Colorado Springs in 2011. The competition, which is a joint effort between the USOC and the Department… Continue Reading Warrior Games returning to Springs in 2011

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