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Colorado Legislative Preview: An Early Look at Construction Defects Reform in 2017

The Colorado General Assembly kicked off the first day of the 2017 legislative session by proposing a new bill to address construction defects reform. Colorado’s current construction defects law has stifled the condominium market by making it easy for homeowners to file class-action lawsuits against developers. As a result, developers’ insurance premiums have skyrocketed and Colorado’s condominium supply has plummeted to less than five-percent of Colorado’s new-home inventory.

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