Archive
Low Lot Supply an Issue for Builders
62% of builders reported that there was a shortage of developed lots in the markets in which they operate according to a National Association of Home Builders survey conducted in
Trumark Companies Launches Masterplan Subsidiary
The Trumark Companies recently announced the formation of Trumark Communities to acquire and develop masterplan opportunities with the goal of selling improved lots to merchant builders. Peter Kiesecker, a former
Toll Beats on Profits, Misses on Revenues
Toll reported Q2 2015 earnings of $67.9M, or 37 per cents per share, beating analyst estimates of 35 cents per share. Revenues came in lower than expected at $852.6M versus
New Home Sales and Prices Rise in April
New home sales rose more than expected in April to a seasonally adjusted annual rate of 517,000 units, a 6.8% improvement over the March number of 484,000 units and above
The Return of the First-Time Buyer
Homebuilders are reporting that they are seeing more activity from first-time buyers now than in the earlier part of the housing recovery. While the first phase of the recovery was
Existing Home Sales Dip
The National Association of Realtors reported that the pace of existing home sales fell in April to an annualized rate of 5.04 million, a drop of 3.3% from the month
City of Industry Plans to Sell Large Parcel in Chino Hills
The approximately 2,500-acre Tres Hermanos Ranch property owned by the City of Industry, but falling within the borders of Diamond Bar and Chino Hills, will be marketed soon by land
Prices and Sales Volume Up in Southern California
Year-over-year prices were up 6.2% in April to a median of $429,000 in Southern California. Sales volume climbed 8.5%. At the current pace, there is 3.6 months of inventory in
The New Home Company Under Contract for $250M+ of Prime OC Land
The New Home Company is looking to expand its presence in the high-end Orange County housing market with the acquisition of four sites from The Irvine Company. The $250M+ land
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
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