Colorado's “vexing construction defects law” has hampered the building of new condominiums in the state, according to an editorial in the Denver Post.
State lawmakers have unsuccessfully tried to change the 2005 law blamed for creating an “overly litigious environment around construction defects claims,” the newspaper says. The result of the law has been “a dearth of new, affordable condos or townhomes.”
In the past, this had been a fight between attorneys and builders. Increasingly, though, Colorado communities have taken steps to challenge the state law. The law now allows a majority of a homeowners association board — not homeowners themselves — to approve litigation against a builder. “The problem is, once a lawsuit is filed, homeowners often have trouble selling or refinancing units,” the newspaper says.
The most recent figures show condos represented only 4.6% of the total new home starts in metro Denver, compared to 26% in 2008, the Post says.
(http://www.denverpost.com/editorials/ci_26794194/state-must-fix-rules-colorado-condo-construction)
Related Stories
Codes and Standards | Jan 23, 2019
Hackers can easily take control of construction cranes
Potential for serious harm is real, say researchers.
Codes and Standards | Jan 22, 2019
Initiative will introduce open-source software for commercial and public building retrofits
Energy analysis tool will identify energy efficiency opportunities.
Codes and Standards | Jan 18, 2019
Texas city sues developer over changes in $1 billion mixed-use project
Revised plan eliminated 8-acre lagoon, trolley, show fountain, and reduced retail space.
Codes and Standards | Jan 17, 2019
First resilience benchmarks for U.S. communities released
Provides way to evaluate current state of resilience and guidance for areas of improvement.
Codes and Standards | Jan 16, 2019
California mass timber building competition kicks off January 15
Competition will award $500,000 in grants to teams who design innovative buildings.
Codes and Standards | Jan 15, 2019
Hazard mitigation provisions in codes save lives and protect property
New NIBS study finds that adopting 2018 Intl. Codes generate $11 benefit for every $1 invested.
Codes and Standards | Jan 10, 2019
Ontario building first to achieve zero-carbon designation by Canada GBC
Geothermal heating, living wall among notable features.
Codes and Standards | Jan 9, 2019
Policymakers need to act to alleviate affordable housing crunch
Moody’s economist says costs including mortgage rates worsening situation.
Codes and Standards | Jan 8, 2019
Pittsburgh launches task force on construction industry fraud
Focus will be on wage violations.
Codes and Standards | Jan 7, 2019
Program uses low-cost sensors to monitor impact of stormwater mitigation systems
University/municipal partnership in Philadelphia aims to improve green infrastructure design.