Another One Bites the Dust

The big news nationally is the inauguration, but locally in the Colorado Springs real estate community, the buzz is about John Laing homes closing up shop here in Colorado. New construction is obviously hurting all over the country, and it is no different here. John Laing has had 4 communities they were building in here of late, and they join Lennar, Beazer Homes, Pulte Homes (single family), Reflection Home Building, Anthony Homes and a few others in leaving the area or going under. I have personally never sold one of their homes, not because they aren’t good, but because the price point and amenities offered never seemed to match up for my clients. Fortunately their competitors can easily pick up the slack.