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Colorado Springs-area homebuilding fell last month for the first time in a little more than a year, but remains ahead of last year’s pace and still appears on track to reach a 13-year high, one industry expert said.Permits issued by the Pikes Peak Regional Building Department for the construction of single-family homes totaled 298 in August, a 10.2 percent drop from the same month last year, a Regional Building report shows. It was the first year-over-year decline in single-family permits since June 2017.Even so, the drop likely is a one-month downturn in an otherwise strong year in which building permits should top 4,000, said Mike DeGrant, board president of the Housing & Building Association of Colorado Springs and a vice president with Springs developer Schuck Communities.Through the first eight months of 2018, single-family permits totaled 2,798, a 17.4 percent increase over the same period last year. If permits exceed 4,000 for the year, it would be the highest total … [Read more...] about Colorado Springs-area homebuilding sees ‘minor blip on the radar’

Colorado Springs-area homebuilding fell last month for the first time in a little more than a year, but remains ahead of last year’s pace and still appears on track to reach a 13-year high, one industry expert said.Permits issued by the Pikes Peak Regional Building Department for the construction of single-family homes totaled 298 in August, a 10.2 percent drop from the same month last year, a Regional Building report shows. It was the first year-over-year decline in single-family permits since June 2017.Even so, the drop likely is a one-month downturn in an otherwise strong year in which building permits should top 4,000, said Mike DeGrant, board president of the Housing & Building Association of Colorado Springs and a vice president with Springs developer Schuck Communities.Through the first eight months of 2018, single-family permits totaled 2,798, a 17.4 percent increase over the same period last year. If permits exceed 4,000 for the year, it would be the highest total … [Read more...] about Colorado Springs-area homebuilding slows in August, but still ahead of last year’s pace

Find it. Buy it. Love it.That’s how the American dream of buying a home is supposed to work. For many people, it still does.But in one of the tightest housing markets Colorado Springs and the Pikes Peak region have seen in decades, finding that dream home too often can be a nightmare. Some buyers endure a painstaking, monthslong search filled with frustration as they struggle to find a house they can afford, in a neighborhood they like and with amenities they want. Business Challenges await Colorado Springs-area buyers in a tight housing market Rich Laden Over the past 2 1/2 years, the supply of Colorado Springs-area single-family homes listed for sale each month has dropped to levels not seen in at least the past quarter century, based on Pikes Peak Association of Realtors data. Just 1,229 homes were on the market in February — one of the lowest totals for any month in the past 20 to 25 years.In somewhat of a turnaround, listings rose to 2,385 in July, the most … [Read more...] about Finding a dream home in Colorado Springs turning into a nightmare

Find it. Buy it. Love it.That’s how the American dream of buying a home is supposed to work. For many people, it still does.But in one of the tightest housing markets the Pikes Peak region has seen in decades, finding that dream home too often can be a nightmare. Some buyers endure a painstaking, monthslong search filled with frustration as they struggle to find a house they can afford, in a neighborhood they like and with amenities they want.Over the past 21/2 years, the supply of Colorado Springs-area single-family homes listed for sale each month has dropped to levels not seen in at least the past quarter century, based on Pikes Peak Association of Realtors data. Just 1,229 homes were on the market in February — one of the lowest totals for any month in the past 20 to 25 years.In somewhat of a turnaround, listings rose to 2,385 in July, the most for any month since September 2016. Yet, last month’s supply was still low by historical standards; July listings … [Read more...] about In Colorado Springs, finding a dream home can be a nightmare as demand outstrips supply