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A Denver builder’s new “American Dream” homes come in under $270,000, with five percent discounts for qualified teachers, first responders, and military personnel.
The Denver Post reports that Oakwood Homes’ newest neighborhood in Green Valley Ranch features seven floor plans, ranging from 987 square feet in two stories to 1,701 square feet in three stories. Prices start at $220,000 and top out in the $260,000s. This comes in well below Denver’s average new home cost of $540,000.
The builder kept costs low by placing homes together in village-style cul-de-sacs, increasing the number per acre. It also worked with its construction trade partners to bring down material costs.
Denver Mayor Michael Hancock, in comments delivered Monday, said workforce housing is the city’s most glaring need. Aurora Mayor Bob LeGare said he is interested in bringing American Dream homes to his city.
When asked why so few builders are zeroing in on a portion of the market with intense need, Oakwood vice president of product development Don Carpenter said simply it’s hard to do.
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