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It’s no secret the price of building a home is getting more expensive in Colorado and in El Paso County. Before a house’s foundation is laid, costs start to accrue, including the charges for tapping into water and wastewater. “The water tap fees are expensive,” said Kevin Walker, public policy chair for the Housing & […]
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Home prices continue to rise in the Colorado Springs area, but that’s partly a reflection of the increased cost of building new homes. New-construction prices are going up, thanks partly to a spike in the cost of materials, particularly lumber, as well as labor costs. “Resales [of homes] track new construction. And prices are absolutely […]
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Since the Great Recession, the seven-county Denver metro region has added households at a rate far greater than housing units. The housing surplus that once existed has been consumed, and housing prices have risen far faster than wages. The result: Housing is increasingly unaffordable for many Coloradans. That conclusion holds true for Colorado Springs and […]
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The lack of affordable housing in Colorado Springs and all over the United States continues to be a hot topic. The economy has improved since the Great Recession, but not everyone has felt the benefits. As people continue to move into El Paso County, there are fewer homes on the market, appreciation climbs and not […]
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For years the streets of downtown Colorado Springs have emptied as businesses closed for the day. With few nearby residential options, consumers and professionals would retire to the surrounding suburbs for the evening. But downtown residential development is on the rise, and businesses in the city’s core soon will be able to cater to a […]
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El Paso County has broken with tradition to become an active partner in building affordable housing — while assuming none of the risk. The innovative approach could help ease the region’s need for more affordable housing. “It’s truly a model for the future,” said Dick Sullivan, former executive director of Colorado Springs Housing Authority who […]
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The Tri-Lakes region — Monument, Palmer Lake and Woodmoor — is seeing unprecedented growth as commercial development along Interstate 25 has given way to homebuilding aimed at meeting the demand of a growing population. Over the past decade, Monument has led the region’s development with its growing retail and restaurant options, as well as the […]
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More than 100 homeless people living in tents on Springs Rescue Mission property were ordered to leave Oct. 12 after the nonprofit received a zoning violation due to a rapid increase in campers and complaints. The city of Colorado Springs’ Neighborhood Services Division issued the citation after receiving a number of calls for service to the […]
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When Kathleen Cancel began shopping for a home earlier this year, she had no way of knowing what a daunting task it would become. Her criteria were reasonable: Cancel was looking for a home with three bedrooms, a sloped roof and a central location. But in the Colorado Springs housing market, her budget of $120,000 […]
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A team of Colorado Springs businesses is building on its successes in Colorado Springs and Boulder to develop affordable housing in Salida. The group of architectural and urban design companies used local talent developed in the Springs to design and build affordable housing in other areas in the state — with successful results, said Tim Seibert, […]
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The two Colorado Springs women behind Blue Dot Place, a 33-unit apartment complex under construction in south downtown, showed their enthusiasm while hosting public tours of their brainchild development on June 18 and June 23. Kathy Loo and Darsey Nicklasson, two halves of BDP Development LLC, together led a group of around a dozen community […]
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According to the 2015 second quarter report from Nationwide Insurance Health of Housing Markets, the Colorado Springs and Pueblo housing markets are stronger than that of Denver and Grand Junction. The national Leading Index of Healthy Housing Markets shows that the overall housing market is healthier than at any time since 2001, according to Nationwide. […]
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