Archive
Public Builder Report Cards
Builder Magazine grades each of the public builders’ 2014 performance based on key financial metrics. The head of the class – Lennar. The laggard among companies operating in California –
OC Land Prices Continue to Climb
The high cost of land in Orange County continues to contribute to the housing affordability problems within the County. With a “finished lot” in the OC estimated at $575,000, land
New Home Sales Slide
On the heels of earnings misses from DR Horton and PulteGroup, the US Commerce Department reported more disappointing news for the new home market. Sales for new single-family homes dropped
PulteGroup Reports Miss; Stock Takes a Beating
PulteGroup, Inc. reported 1Q 2015 earnings of $55 million or 15 cents a share. Earnings were down from the year-ago period level of $74.8 million, or 19 cents per share,
Existing Home Sales Jump in March
Sales of existing homes moved up to a greater than expected seasonally adjusted annual rate of 5.19 million, an increase of 6.1% from February. Economists had expected a pace of
100 Townhome Units Coming to Pomona
Local investor, Tom Y. Lee, closed on a 7.5-acre site in Pomona for development of 100 townhomes. The project is located at 2887 Towne Ave. and is nearing completion of
Sales Pace Surge and Price Appreciation in SoCal
The strong start to the year in the Southern California housing market continues to be borne out by the data. The median home price in Southern California climbed to $425,000
More Mixed Signals
While the NAHB came out with a strong homebuilder sentiment reading in its latest report, March housing starts and building permits came in at figures lower than consensus estimates. Starts
Homebuilder Optimism Looking Up
The NAHB Builder Confidence Index rose 4 points in April to 56. This was the first rise in five months although the index had never dropped below 50 during this
Harridge Picks-Up Northridge Site
Prolific LA Developer, Harridge Development Group, picks up a 3.3-acre site in Northridge. Led by David Schwartzman, Harridge has become one of the leading developers of in-fill projects in the
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