• Home
  • Custom Homes
    • Custom Home Construction
    • Timber Frame Construction
    • Remodeling Services
  • Green Building
  • Our Process
  • Portfolio
    • Timber Frame Building
    • Custom Home Building
  • Photo Galleries
    • Timber Frame Photo Gallery
    • Custom Home Building Gallery
    • Home Interiors Gallery
  • Blog
  • About Us
    • About Us
    • Testimonials
    • News
  • Contact Us
  • Home
  • Custom Homes
    • Custom Home Construction
    • Timber Frame Construction
    • Remodeling Services
  • Green Building
  • Our Process
  • Portfolio
    • Timber Frame Building
    • Custom Home Building
  • Photo Galleries
    • Timber Frame Photo Gallery
    • Custom Home Building Gallery
    • Home Interiors Gallery
  • Blog
  • About Us
    • About Us
    • Testimonials
    • News
  • Contact Us
facebook
linkedin
email

From The Blog

Black Canyon Builders, Custom Home Builder Durango, Durango CO, Durango contractors, Durango real estate, Jared Odgen, new home construction, timber frame

Durango Real Estate Update: Looking Up

Having nothing to do with Durango real estate, but I really like the photo. Courtesy moxieride.

Durango real estate is showing positive signs of life. As a builder, I follow the market for business purposes of understanding supply and competition. As an employer and community member, I’m interested in how the numbers help to gauge the economic strength and resiliency of our area.

My educated (and admittedly optimistic) opinion is that things are looking good for Durango and La Plata County, both with home sales statistics and new home starts. Downtown Durango remains the most consistent, while other areas of the county are slower to achieve stabilization. We’re certainly not at pre-recession confidence, but we seem to be moving toward more sustainable numbers for our community.

Existing Home Sales: Sunday’s Durango Herald reported that the median home price in all of La Plata County rose 2.58 percent in Q2 2011 over the same quarter 2010. Good, if not spectacular, news for sellers. Homes in downtown Durango saw a jump of nine percent in the same period. Condos and homes in outlying areas were down in price.

Better news for the entire community is the number of homes that are selling. There was a net gain of eight homes sold in January to June 2011, compared to the same period 2010. Condos, country homes and Bayfield in-town homes were down. Durango, Bayfield country homes and resort homes were up.

Local Housing Starts (as determined by permits issued): There’s a two-fold reason why housing starts are a nationally reported statistic and leading economic indicator. As a leading indicator, construction is one of the first industries to grow at the early stages of a business cycle, and one of the first to show reaction from a change in the Federal Reserve rates. Objectively, the building and construction industry employs a high number of people, from entry level to highly skilled craftspeople. Additionally, the goods and materials required to build even a single home can be a substantial marker for a regional supplier. The subjective side reflects the psychology of deciding to build, rather than buy a pre-existing house. Building a new home is associated with optimism and a confidence in the market.

Black Canyon Builders, Durango, CO - Timber Frame Raising

Black Canyon Builders contributing to Durango housing starts ~ Day Property Timber Frame

If the subjective argument holds water, it appears Durangoans are feeling quite positive about the future. According to the City of Durango Permit Office, 23 permits were issued for new, single-family residences from January to the end of June 2011. The same time period in 2010 saw just 14 permits issued for new single-family residences.

Interestingly La Plata County numbers didn’t change. There were 41 permits issued for single-family residences from January to June 30, 2011 – the exact same number as were issued for the same time period in 2010. These figures include all of La Plata County, except Durango, Bayfield and Ignacio.

As always, I’m available anytime to discuss ideas and answer questions about your building project.

Thanks,

Jared

Black Canyon Builders

970.903.9577

19 Jul 11
By : jogden
Comments : 0
About the Author

Social Share

  • google-share

Leave a Reply Cancel reply

*
*

Get Around

  • Back To The Blog
  • News
  • Portfolio
  • Photo Gallery
  • About Us
  • Contact Us

Sign Up for Email Updates

Sign up for our Enews to receive updates and information from Black Canyon Builders:

Sign Up Now

Search By Category

The Blog Archive

About Us

Jared Odgen | About Black Canyon BuildersBased in Durango, Colo., award-winning Black Canyon Builders has designed and built custom homes for all of Southwest Colorado since 2006. Founder and president, Jared Ogden, is a craftsman and general contractor of the highest level - weighing integrity, communication, skill and artistry on equal measure. Learn more about our approach.

Timber Frame Building

Timber frame construction spans centuries and cultures; it is a visual manifestation of the blending of art and engineering. As one of the premier timber frame builders in the Southwest region, Black Canyon Builders has built award-winning timber frame homes. We are an independent builder, and we will work with either our in-house team or your preferred architect to create full or partial timber frame homes.

Our Portfolio

Black Canyon Builders, Durango, CO, Timber frame construction and details

Timber Frame Raising and Construction

15 Dec 13
Black Canyon Builders, Durango, CO Significant Remodel Historic Home, kitchen and dining area

DeCoste Historic Remodel

13 Dec 13
Black Canyon Builders, Durango, CO custom sustainable home, exterior

Custom Mountain Contemporary

12 Nov 13
© 2013 - All rights reserved by Black Canyon Builders