The Colorado House of Representatives defeated a bill that would have made it harder for condominium owners to sue builders over construction defects.
The bill had passed the state Senate. It would have reformed the state’s construction defects law by requiring a majority of homeowners in a multifamily building, rather than a majority of the homeowner association board, to decide whether to sue.
It also would have granted a right to repair to builders willing to resolve problems in an effort to avoid lawsuits.
The bill’s supporters say the high insurance costs associated with building in a state with such a law are preventing more developers from starting multifamily projects in Colorado.
Builders have also complained that the state’s existing law makes it too easy for homeowners to sue them over property defects.
Condos accounted for 3.1% of Colorado's housing starts in 2014, down from a peak of 22.9% in 2007.
Related Stories
Resiliency | Feb 16, 2016
Obama establishes federal earthquake risk management standard
The standard requires federal agencies to use earthquake-resistant design provisions in current building codes.
Codes and Standards | Feb 12, 2016
ISO releases national assessment and state-by-state building codes evaluation
Report covers 87% of U.S. population.
Codes and Standards | Feb 12, 2016
Huge fraud case involving alleged engineering impostors uncovered in California
Hundreds of buildings may have to be demolished.
Codes and Standards | Feb 11, 2016
New York governor makes emergency design-build authorization
The declaration was issued in response to Winter Storm Jonas which dumped over 18 inches of snow in parts of the state.
Green | Jan 29, 2016
USGBC names top 10 states for LEED green building
Illinois leads the list for the third straight year.
Codes and Standards | Jan 25, 2016
Dept. of Energy releases decision guides for plug and process loads
Plug and process loads consume about 30% of the primary energy in U.S. commercial buildings today.
Codes and Standards | Jan 22, 2016
ConsensusDocs releases new multi-party IPD agreement and joining agreement
The documents serve as a comprehensive revision of previous IPD agreement
Codes and Standards | Jan 22, 2016
State Savings Calculator analyzes savings associated with energy codes
The calculator breaks down the cost-effectiveness of energy codes on a state-by-state basis.
Codes and Standards | Jan 22, 2016
Metal Roofing Seaming Guide published by Metal Construction Association
The free document is specifically tailored for metal roof installation.
Codes and Standards | Jan 22, 2016
Treasury Dept. will start crackdown on illicit money in luxury real estate
The move is expected to impact high-end condo development.