Colorado Association of REALTORS | Berthoud Homebuilder’s Mission: Affordability
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Berthoud Homebuilder’s Mission: Affordability

Beautiful Gray home with bright green grass on a sunny summer day.
May 29 2018

Berthoud Homebuilder’s Mission: Affordability

Mission Homes Colorado to break ground in July on houses starting in mid-$200,000s

By Craig Young

Reporter-Herald Staff Writer

 

For several years, builders in the region have said that it’s not possible to construct a detached single-family home that would sell for less than $300,000.

 

“On the Front Range, the conversation starts in the mid-$300,000s,” he said. “But the days of homes in the 3’s are going to be behind us shortly.”

 

In fact, according to statistics from the Colorado Association of REALTORS®, the median price of all single-family homes — existing and new — sold in Larimer County this year through April was $400,000, a 9.8 percent increase from the year before.

 

Gregg said those prices just aren’t attainable for the people he’s targeting with his one- and two-story cottages: first-time homebuyers, newlyweds, single parents and single-income families.

 

Mission Homes’ tag line, “Homes Built With Purpose,” refers to a threefold vision, Gregg said: affordable homes, a focus on charitable giving and using homegrown talent as much as possible.

 

 

To view the full article, please visit the Loveland Reporter-Herald by clicking here.

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