Posted in Industry News
Construction Rebound in Two Cities
It wasn’t too long ago that the housing markets in Denver and Phoenix were described as “troubled,” but now they’re starting to sizzle again.
Builder recently took a deeper dive and discovered that new housing starts in the outer suburbs are driving this resurgence. The magazine cited the success of the new Fulton Homes community in Queen Creek, Arizona. Although it’s located 37 miles from Phoenix, Queen Creek is quickly attracting homebuyers who work in Phoenix’s eastern suburbs at places like the Mercy Gilbert Medical Center and Phoenix-Mesa Gateway airport.
In the Denver metro area, builders are finding a sweet spot in the suburbs that now connect the city with university towns to the north and Colorado Springs to the south. Horizon View’s Johnson Farm was instantly successful because it’s nestled between Denver and the mountain gateways like Loveland. The Legacy Village at Castle Pines is using wall assemblies that feature LP® FlameBlock® Fire-Rated OSB Sheathing to speed construction in this fast-growing suburb 22 miles south of the city.
There has also been a significant increase in construction activity within the city limits of both Phoenix and Denver. For example, the newly completed Belleview Block B apartments are now the centerpiece of the new Belleview Station master-planned community. Denver-based RT Framing & Drywall saved thousands of dollars in construction costs by using U349 wall assemblies featuring LP FlameBlock sheathing because they eliminated the need for a second layer of gypsum (as well as the cherry-pickers and boom lifts needed to install it).
Builders in Phoenix and Denver are now being rewarded for their resilience at a time when most real estate experts were gloomy. Twenty years ago Belleview was a sleepy neighborhood, but now it’s the heart of the city’s vibrant tech community. Every builder’s motto should be: never give up on the community you serve. There’s always a rebound if you’re patient.
This information and the websites identified above are provided solely as a convenience to the reader. They are not intended to state or imply that the editors of Engineered Wood or LP Building Products sponsor, recommend, endorse or are affiliated or associated with the companies or products listed.