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New Residential Housing Strengthens in Colorado Springs Area

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Colorado’s Top Builders Showcase New Model Homes at Meridian Ranch

Senior economist for the University of Colorado at Colorado Springs, Fred Crowley, recently reported the latest economic recovery figures for the area. Crowley stated, “The local economy is showing some of its strongest performance since bottoming out in February 2009. The Business Conditions Index (BCI) stands at 108.75, up sharply from the March estimate of 104.78. Seven of the ten economic indicators are better than a month ago. New residential housing is particularly strong, up 39.9 percent since the recession and 51.4 percent from one year ago. The local (Colorado Springs) economy is showing its first signs of broad relative strength since the recession.”

Gearing up for the new demand for homes in the Colorado Springs area, Century Communities recently teamed up with the Meridian Ranch developers (GTL, Inc.) and has opened new model homes at Meridian Ranch. Said Mike Fenton, Vice President of Operations, Century Communities Colorado Springs Division, “Century Communities is in the middle of a state-wide expansion right now as we see the housing market recovering. We feel that Meridian Ranch is an ideal master-planned community with its family-style amenities for our quality of homes. Our home designs complement the active lifestyle already established in Meridian Ranch.”

Fenton says homebuyers today are looking for energy-efficient features and a recreational lifestyle. “During the economic slowdown, people were primarily concerned about cost and getting into something short-term, but now there is greater emphasis on making a longer-term decision. People are looking for a home built with quality features and amenities that is still affordable,” added Fenton.

“At Meridian Ranch homebuyers can choose from many functional floor plans available from seven award-winning homebuilders, home site sizes and locations,” said Jenny Frost, VP, Sales and Marketing for Meridian Ranch. And she added, “This is not a cookie-cutter development with homes stacked on top of one another. We believe our homeowners should get quality, functionality, breathing room, and real value from the moment they move in.”

With over 2,600 acres, Meridian Ranch is home to a new elementary school and high school in the Falcon School District 49, has a 30,000 square-foot recreation center, an outdoor swimming pool, expansive parks, miles of paved hiking and biking trails, the award-winning Antler Creek Golf Course, and the upscale, but affordable, CreekView Grill.

Meridian Ranch is conveniently located just minutes from the Colorado Springs Airport, Peterson Air Force Base, Schriever Air Force Base, North Care at St. Francis Hospital, and Fort Carson. New homes in Meridian Ranch range in price from lower $200,000s to the $500,000s. Home sites in Meridian Ranch range from the traditional size to nearly two acres. The Master-Planned Community of Meridian Ranch features homebuilders: Campbell Homes, Century Communities, Classic Homes, Majestic Custom Homes, Richmond American Homes, Saint Aubyn Homes, and Vantage Homes. For more information, driving directions and to take a visual tour of the Meridian Ranch community, please visit www.meridianranch.com.