Houston-based David Weekley Homes founded in 1976, the nation’s largest private builder, has broken ground in four Colorado Springs developments. Operating in Denver since 1993, executives have kept a watchful eye on the sleepy Colorado Springs housing market anticipating an eventual shift. Denver’s escalating home prices, along with Colorado Springs employment growth, are a few of the factors that started driving people to the area in search of quality lifestyle and affordability, reinforcing the builder’s well-timed decision to make a move to the Springs.
Dustin Nelson, president of the new Colorado Springs division, explains that part of the company’s growth plan is exploring midsized and smaller markets. “Colorado Springs is one that we recognize provides valuable opportunities to pick up home sights in growing developments that give us running room.”
According to a Trulia analysis, 93.4 percent of Colorado Springs homes are above their pre-recession peak, making it the sixth-best recovery rate of the 100 metro areas examined. A June 2017 Market Watch report validated the boost listing Colorado Springs as number-one among “The 15 Hottest Housing Markets in the U.S.”
Despite their national presence, with over 80,000 homes sold across multiple metro areas since their inception, Nelson explains that David Weekley Homes can operate like a regional home builder with a very decentralized structure so they will make product and process adjustments that are detailed for the individual markets.
Boasting multiple awards that recognize their quality and attention to detail, David Weekley Homes was the first builder in the U.S. to be awarded the Triple Crown of American Home Building, an honor which includes ‘America’s Best Builder,’ ‘National Housing Quality Award’ and ‘National Builder of the Year.’
“David Weekley Homes is a large builder with a local sensibility, said Renee Zentz, CEO of Colorado Springs Home Building Association. “Their corporate culture is deeply rooted in community and they will be an asset to the local new home building industry.”
Identifying Colorado Springs’ unique market, Nelson says he was struck by demographics which skew toward a mix of retirees and millennials. With that spectrum in mind, he plans to offer varied product and price points.
“Along with traditional, larger single-family, we’ll do higher density product, that would be attractive to both segments,” he notes. “We do a mix that works very well in a new urban area like the Gold Hill Mesa neighborhood.”
An active, outdoor enthusiast, when he moved to town from Texas with his wife and little boy, Nelson stayed near Gold Hill Mesa and was struck by its proximity to downtown, Old Colorado City, eclectic Manitou and an abundance of outdoor trails and recreation nearby.
“Residents can grab their bike and backpack and be in national forest within minutes,” Nelson observed. “Everything you could want from access to work, brunch on the weekend, nightlife and entertainment, to a gamut of parks including Bear Creek’s dog park, Red Rocks, and Garden of the Gods – all accessible without getting in your car.”
Along with the central location, Gold Hill Mesa offers a fitness and community center brimming with events, concerts, art exhibits, and activities year-round. Gold Hill Mesa was a natural fit for David Weekley Homes, whose model is scheduled to open there this Fall.
Gold Hill Mesa executives concur that David Weekley Homes is a good fit for their business model: “We are excited to welcome David Weekley Home’s award-winning designs and world-class service to Gold Hill Mesa homebuyers,” says Stephanie Edwards, executive vice president of Gold Hill Mesa. “Their production plan to build more inventory homes will help stimulate velocity to meet our ever-growing demand. Further, we share the philosophy that choosing a place to live is about overall experience and quality of life.”
Like Gold Hill Mesa’s other masterful home builders, David Weekley Homes has crafted a collection of architectural styles and specialized floorplans designed to suit life, that seamlessly complement the community’s masterplan. “We have carefully selected each builder at Gold Hill Mesa for their ability to meet and maintain our design standards,” said Gold Hill Mesa’s Chairman and Owner, Robert Hadley. “We value David Weekley Homes’ commitment to building in a traditional neighborhood development like Gold Hill Mesa, with our purposefully established operational, aesthetic, and functional guidelines, for which David Weekley Homes is well-experienced and equipped to deliver.”
With the recent announcement of being the first 1-Gigabit community in Colorado Springs, Gold Hill Mesa emphasizes connecting, be it through high-speed internet,a network of sidewalks, trails and open spaces -- or slowing down to connect with family, friends, and free time. People of all ages embrace the walkable streets, smartly designed homes, with welcoming front porches in a community that promotes a fulfilling lifestyle, rather than squandering time maintaining oversized houses and big yards -- balancing qualities that make Gold Hill Mesa a sought-after community for homeowners and new builders alike.