by Associated Press Published: November 17,2010
Tags: construction, Housing
Construction of new homes fell in October, fresh evidence that the housing industry remains under duress. Construction of new homes and apartments sank 11.7 percent last month to a seasonally adjusted annual rate of 519,000 units, the Commerce Department said Wednesday. But that was mainly because apartment construction, which represents less than 20 percent of [...] [...]
by Becky Hurley Published: September 13,2010
Tags: home prices, Housing, Real Estate
New-home sales prices have reached an historic low, based on records kept as far back as 1963 – and further declines are forecasted. The information comes from the Census Bureau’s American Housing Survey. The study, which examines the housing market strictly from the view of homeowners rather than from real estate or mortgage industry perspective, provided [...] [...]
The Colorado Housing and Finance Authority has received $45.1 million in federal stimulus money to help finance the construction of 1,800 affordable rental units and create about 750 jobs. The money is part of the Tax Credit Assistance Program and Tax Credit Exchange Program, both established in the American Recovery and Reinvestment Act. CHFA will distribute the money in [...] [...]
WASHINGTON (A.P.) – New U.S. home sales rose by the largest amount in more than eight years last month, in another sign the housing market is finally bouncing back from the worst downturn in decades. The Commerce Department said Monday that sales rose 11 percent in June to a seasonally adjusted annual rate of 384,000, [...] [...]
by Becky Hurley Published: April 30,2009
Tags: Housing, military privatization, USAFA
The first 123 homes at the United States Air Force Academy have been renovated. They’re all part of a multi-phase, five-neighborhood privatization program that will affect five neighborhoods. The first phase includes 257 units. Forest City Military Communities and Hunt Building Company won the contract to build and manage the housing areas last year. Both [...] [...]
by Becky Hurley Published: April 2,2009
Tags: Colorado Springs, home prices, Housing, residential real estate, Standard & Poor's
Once again local home values profiled favorably when compared to Denver or to other states, at least based on results of the latest Standard & Poor’s/Case-Schiller Home Prices Index survey. Denver saw a 5.1 percent decline in home values from January 2008 to January 2009, but the single-digit result paled in comparison to the other [...] [...]
by Becky Hurley Published: March 13,2009
Tags: economy, Genesis group, Grubb & Ellis, Housing, Real Estate
In its fourth quarter recap of the Colorado Springs residential real estate market published this month, the Denver-based Genesis Group provided a forecast for the remainder of 2009. Acknowledging current “bleak conditions,” Genesis reporter Sue Selle said Colorado Springs is better positioned to improve once the national economy begins to recover. She also cited the [...] [...]
by Becky Hurley Published: October 18,2002
Tags: Housing, Industrial Real Estate, residential real estate
CSBJ readers are probably aware that residential interest rates on thirty-year fixed rate conventional mortgages have dropped as low as 5 and 7/8 percent. Hard to believe, but thankfully true. Christine Meacham at Auer Mortgage says these low rates may be around for a few weeks. Some national financial analysts predict that the post-election climate [...] [...]
by Becky Hurley Published: October 11,2002
Tags: Housing, Industrial Real Estate, residential real estate, Retailing
Once again, there’s a lot of news to report. From the two large Bethesda office building and Pace Plaza retail center sales reported last week to this week’s leases and transactions, there’s never a dull moment on the Colorado Springs real estate scene. Bill May of Classic Mortgage said last week that commercial mortgage rates [...] [...]
by Becky Hurley Published: October 4,2002
Tags: Housing, Industrial Real Estate, Legislative, residential real estate, Restaurants and Food Service, Retailing
With almost a year of real estate columns behind me, I realize how much there is to report in this ever-changing, fast-paced field – and so many stories still to tell. Downtown re-development deserves a full column – as do many of the transactions the Colorado Springs Business Journal reports each week. In the days [...] [...]
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