Top 10 Contract Tips To Avoid Construction Defect Claims In Colo.
By Rebecca Dow, Holland & Hart LLP ( April 26, 2017, 5:22 PM EDT) -- It has been widely reported that Colorado is in a "housing squeeze" due to the lack of "for sale" affordable housing. In October 2013, the Denver Regional Council of Governments published a comprehensive study identifying the factors influencing the shortage of affordable housing in the Denver metro area, and determined that the most significant impact on the construction of for-sale attached product has come from costs related to construction defect litigation. Such litigation continues to have a chilling effect on the owner-occupied, multifamily housing market. The Homeownership Opportunity Alliance (HOA) has been actively working for several years to obtain legislative reform to the current Colorado construction defect laws. The HOA has reported that in 2016 condos represented just 3.4 percent of new housing starts in the Denver metro area, compared to 20 percent in 2007....
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