Wednesday, October 31, 2012

Godden|Sudik Architects Receives Four MAME Awards!!!

We are pleased to announce that Godden|Sudik Architects received four awards at this years MAME Awards.

Cedar Ridge at Beacon Point

Best Architectural Design Detached Home 

$450,001 to $500, 000 

with Century Communities

Houndstooth Residence at BackCountry

Best Architectural Design Custom Home 

4,001 to 5,500 Finished Square Feet with
Duet Design Group & Advanced Building Concepts

Albero at Verona

Best Architectural Design Attached Home 

$400,001 to $500,000
with Verona Building CO. LLC


Albero at Verona

Attached Home of the Year with 

Verona Building CO. LLC

Additionally, we would like to congratulate Design Lines, Inc. on taking home the award from Best Interior Design for an Attached home $400,001 to $500,000 for the Albero at Verona.

To view more information about the MAME Awards, please click here!

Wednesday, October 24, 2012

Chili Cookoff Winners!

Congratulations to the Godden|Sudik Chili Cookoff team for winning second place in the 2012 Colorado Springs Home Builders Associates (HBA) Annual Chili Cookoff! The award-wining recipe comes from Alex Jewett (far right), an associate here at Godden|Sudik Architects, who is pictured left with fellow colleagues (from left) Paul Brady, Kevin Gzym, Kellie Rowan and Chris Walla.

This was a great community event put on by the Colorado Springs HBA at the Freedom Financial Services  Expo Center. The night was all about getting the building community together, having fun and awarding the following categories; best red chili, best green chili, best grilled pork, best grilled beef, best grilled chicken, best dessert and best booth theme.

We were very happy to participate in such a great event that raises money for a great association!

Monday, October 15, 2012

MAME Award Finalist

The Marketing And Merchandising Excellence (MAME) Awards honor the top achievers in the new home industry each year. Awards are comprised of marketing, sales, interior design, architectural and builder awards. These awards are presented to those who set the standard of excellence in the Denver homebuilding industry. 

Godden|Sudik Architects is honored to be a gold sponsor for such a wonderful event and delighted to announce that we have been named finalists in the following categories:

  • Best Interior Design Attached Home $400,000 - $500,000 for the "Albero" at Verona
  • Best Architecture Design Attached Home $400,000 - $500,000 for the "Albero" at Verona
  • Best Architecture Design Detached $450,000 - $500,000 for the "Aberdeen" at Country Club Highlands
  • Best Architecture Design Detached $450,000 - $500,000 for the "Cedar Ridge" at Beacon Point
  • Best Architecture Design Custom Home 4,000 Sq. Ft. - 5,500 Sq. Ft. for the "Houndstooth" Residence
  • Best Architecture Design Custom Home 4,000 Sq. Ft. - 5,500 Sq. Ft. for the "Rainribbon" Residence
  • Active Adult Home of the Year for the "Albero" at Verona
  • Attached Home of the Year  for the "Albero" at Verona
  • Custom Home of the Year for the "Houndstooth" Residence
  • Best Website - Associate

Please join us Saturday, October 27th at 5:30 pm at the Seawell Grand Ballroom at the Denver Center for the Performing Arts to celebrate these great industry awards.

Please visit the 2012 MAME Awards page for more information!

Thursday, October 4, 2012

Existing Home Sales Rose 7.8% in August to an Annual Rate of 4.82 Million Units

Existing home sales rose 7.8% in August to an annual rate of 4.82 million units, coming in way above the consensus expected 4.56 million.  Sales are up 9.3% versus a year ago.

  • Sales in August were up in all major areas of the country. The rise in sales was due to increases in both single-family and multi-family home sales. 

  • The median price of an existing home fell slightly to $187,400 in August (not seasonally adjusted), but is up 9.5% versus a year ago. Average prices are up 4.3% versus last year.   

  • The months’ supply of existing homes (how long it would take to sell the entire inventory at the current sales rate) fell to 6.1 in August from 6.4 in July. The decline in the months’ supply was all due to a faster selling pace.  Inventories rose in August.

Implications: There should be no doubt the housing market is in recovery.  Existing home sales boomed in August rising 7.8%, coming in at the highest levels since mid-2010, when sales were artificially high due to the home buyer tax credit.  Some of the gain in August might be due to seasonal adjustment issues: sales also spiked higher in August 2010 and August 2011.  However, sales are still up 9.3% from a year ago while home prices are up 9.5%.  Higher sales and prices might be luring some sellers back into the market.   The inventory of existing homes rose to 2.47 million in August from 2.40 million in July.  Still, inventories are down 18.2% from a year ago and the months’ supply of homes (how long it would take to sell the entire inventory at the current selling rate) fell to 6.1.  Just a year ago, the months’ supply was 8.2.  A couple of factors explain the rise in existing home prices.  First, the lack of inventory on the market is pushing up prices while demand is picking up for housing.  Second, fewer distressed sales and more sales of larger homes.  In
general, it still remains tough to buy a home.  Despite record low mortgage rates, home buyers face very tight credit conditions. Tight credit conditions would also explain why all-cash transactions accounted for 27 percent of purchases in August versus a traditional share of about 10 percent.  Those with cash are able to take advantage of home prices that are extremely low relative to fundamentals (such as rents and replacement costs); for them, it’s a great time to buy.  With credit conditions remaining tight, we don’t expect a huge increase in home sales any time soon, but the housing market is definitely on the mend.  Other recent economic news has been mixed.  The NAHB index, which measures confidence among home builders  rose to 40 in September from 37 in August, the highest level since 2006.  Meanwhile, the Empire State index, which measures the direction of manufacturing activity in New York, fell to -10.4 in September from -5.9 in August, the lowest level since the recession ended in 2009.    

To view the original article, please click here.