A full-meal business deal for Pikes Peak Area Realtors on Wednesday morning in Colorado Springs. The Housing and Building Association of Colorado Springs hosted its annual Breakfast with the Builders at the Mortgage Solutions Financial Expo Center. For more than two decades, the HBA builder members and licensed real estate agents have gotten together to talk about new inventory and locations that could potentially benefit new home buyers. According to the HBA, there were 400 pre-registered Realtors who attended this gathering in 2016. This year, there were more than 600 Realtors who toured 55 booths at the Expo Center which included lending agents, title companies and others that help buyers make their home dreams come true.
Kyle Campbell with Classic Homes believes that when it comes to affordable housing, "A lot of local builders are looking to a product line that is more dense - the smaller the home that we can build means a more affordable home."
Campbell also stresses that a great chunk of the market that is under-served is the attached single-family homes, townhomes and condos that are not being built in a big way in this community.
Campbell says, "this is an entry-level product for many home buyers and it's certainly not at the levels there were 15-20 years ago."
According to Campbell, there is currently an effort being made at the state Capitol between city leaders from all over Colorado and state lawmakers to come up with a various proposals to modify existing laws. Those modifications could make construction of townhomes and condos more affordable for homebuilders who can't do it at the current time because of liability issues and the liability environment that builders believe they face in the state.