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 | Sep 27, 2019
AIA declaration: Climate change requires ‘holistic approach’
Must address interdependencies among people, buildings, infrastructure, and the environment.
Codes and Standards | Sep 26, 2019
San Jose’s new building energy code is the most stringent among large cities
New regulations aim to make zero-emission electric buildings the norm.
Codes and Standards | Sep 26, 2019
Building support for climate action depends on linking it to health, economic benefits
USGBC report finds most people don’t think environmental problems significant enough to prioritize action.
Codes and Standards | Sep 20, 2019
OSHA has a new chief for its construction directorate
Former Army medical staffer Scott Ketcham has extensive OSHA experience.
Codes and Standards | Sep 20, 2019
American Wood Council updates free Connection Calculator
Tool includes cross-laminated timber connection provisions and post-frame ring shank nails.
Codes and Standards | Sep 19, 2019
Virtual reconnaissance of Bahamas finds some structures performed well during Dorian
Amid devastation, lives likely saved by resilient buildings.
Codes and Standards | Sep 19, 2019
Obama-era Waters of the U.S. rule revoked
New rule expected to define protected waterways more narrowly.
Codes and Standards | Sep 17, 2019
California will enact rent cap bill limiting rent increases to 5% plus inflation
Applies to apartments built at least 15 years ago.
Codes and Standards | Sep 17, 2019
Zero energy buildings can be constructed with no added upfront cost
ROI can be realized in as little as one year.
Codes and Standards | Sep 13, 2019
Researchers use U. of Arkansas buildings as testbed for CLT panels
Investigation could influence future use of the materials.