RSI Communities Buys Beaumont Site

Newport Beach-based homebuilder RSI Communities said it has bought a 228-acre site in the Riverside County city of Beaumont, where it plans to build a 981-home development called Olivewood.

RSI – which makes precision-manufactured houses that can be assembled faster and more efficiently than through traditional methods – said it plans to break ground on the project this year, with homes available for sale in early 2018

Read More

Previous KB Home (KBH) Tops Q4 Earnings Estimates, Backlog Strong
Next Homeowners Have More in Equity, But Mood Soured by Rising Mortgage Rates

About author

Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

View all posts by this author →

You might also like

Land/Projects

Marblehead Gets Going Again

Early last year, Marblehead, a coveted piece of coastal California real estate located in San Clemente, traded hands from Lehman Brothers Holdings to merchant-builder Taylor Morrison in a deal valued

Homebuilders / Land Developers

Brandywine Homes Closes 116 New Homes, Opens Seven Communities, Breaks Ground on Four New Neighborhoods in 2016

Brandywine Homes, a pioneer of infill development in Southern California, closed 116 homes, opened seven new communities and broke ground on four new communities in Southern California in 2016. The

Homebuilders / Land Developers

Homebuilder Sentiment Dips in May

The NAHB/Wells Fargo Housing Market Index unexpectedly fell to 54 from 56 the month before. Nevertheless, there was an improvement in the six-month sales outlook from 63 to 64, the