Colorado Association of REALTORS | Construction Defects
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Construction Defects Tag

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Construction-Defects Reform Rekindling Some Condo Interest

“Changes in the construction defect laws have really made things easier for developers,” Slate Real Estate Advisors Partner Stan Kniss says. “We’re in the midst of a pretty undersupplied market given the hold on for-sale construction projects over the last 10 years.” ### Despite changes, there still aren't as many condo projects in the works as people in the industry had hoped to see.   “We wanted the...

Condominium Construction Remains Slow Even 9 Months After the Passage of the Construction-Defect Bill

The passing of the construction-defect bill was a big win for Colorado and the housing market.  A big win indeed, but challenges still remain. Some of these challenges include high insurance premiums from the previous years of lawsuits related with condominium builds.   These continued challenges have large builders still weary to begin projects in the state.  This leaves small local builders...

New Construction Thanks to Construction-Defects Law

With the struggles of low inventory, news about a condo development in the works is exciting news for those in the real estate world.  It's with great anticipation that a new development is coming to Denver in the LoHi neighborhood.  This development will be condos ranging in size and price and is the first development in the area from Alpine...

The Vallagio Case

How a Supreme Court Ruling May Impact the Housing Market in Colorado BY CAR GOVERNMENT AFFAIRS MANAGER ELIZABETH PEETZ   As summer heats up after another successful legislative session at the State Capitol (don’t forget to check out CAR’s top five successes blog post on our website for more information about that!) we are also pleased to announce that the Colorado Supreme Court...

The Capitol Connection – January 2016

The Second Regular Session of the 70th General Assembly Kicks Off in 2016! The first gavel of the second session of the 70th General Assembly came down on Wednesday, January 13th, ushering in two new legislators, with a third legislator finding himself in a new chamber.  Throughout the coming weeks, we will introduce you to each new legislator in our Capitol...

Tight Metro Denver Inventory a Problem

Original article posted in Denver Business Journal. See the article by clicking here, or read the highlights in our post below.   Tyrone Adams — a few weeks into his appointment as president of the Colorado Association of REALTORS — talked about the challenges facing the residential real estate industry and how he plans to help members deal with those challenges. He also talked about Senate...

Capitol Connection: May 8, 2015

Sine Die! Wednesday, May 6th, the final gavel came down on the first session of the 70th General Assembly.  In total, 682 bills were introduced.  CAR tracked 71 bills this year and took a position on 36 of them.  A split Legislature this year with Republicans controlling the Senate and Democrats controlling the House meant every bill sent to the Governor...

Capitol Connection: May 1, 2015

CALL FOR ACTION- OPPOSE Senate Bill 284 The Legislative Policy Committee (LPC) OPPOSES SB15-284, Voter Approval TIF Payments Ag Land, by Senate President Bill Cadman (R-Colorado Springs), Senate Majority Leader Mark Scheffel (R-Parker), Representative Ed Vigil (D-San Luis) and Representative Paul Lundeen (R-Monument).  This legislation is designed specifically to kill the Gaylord Rockies Hotel and Conference Center. The late bill purports...

Construction Defects Reform Dies in House Committee

Unfortunately, after a long hearing, SB177 was defeated in the House State Affairs Committee, aka the kill committee, on a party line vote with the Democrats voting no and the Republicans voting yes.   We would like to thank our House sponsors – Rep. Singer and Rep. DelGrosso and our Senate sponsors – Sen. Scheffel and Sen. Ulibarri.  Thanks to each of...

Capitol Connection: April 24, 2015

CALL FOR ACTION- Senate Bill 177 SB15-177, HOA Construction Defect Lawsuit Approval Timelines, has been scheduled for a hearing on Monday, April 27th, in the House State, Veterans, and Military Affairs Committee.   This committee is known as the “kill” committee.  Now is the time to act by responding to our Call for Action!  Now is the time to convey to your...