Archive
Los Angeles Housing Market Continues to Show Strength
Housing prices in greater Los Angeles rose 4.8% from the prior quarter while sales improved by 6.5% with houses staying on the market an average of five days. The median
Williams Breaks Ground on Sylmar Project
Williams, with financing from Presidio Residential Capital, has begun work on the Foothill 74 townhome project in Sylmar which is located in easternmost Ventura County. The project consists of 74
Zephyr Closes on Dana Point Parcel
Zephyr Partners, a San Diego-based developer, closed on a nine-acre property in Dana Point adjacent to Doheny State Beach and Dana Point Harbor. The estimated purchase price was $50 million.
Five Point Communities Files to Go Public
Five Point Communities, a master plan developer whose projects include Great Park in Irvine and Newhall Ranch in Santa Clarita, filed to go public. The Lennar-affiliated entity will continue to
Woodbridge Pacific Shores Up Capital Base
With an equity commitment of up to $200M from a New York-based private equity firm, Woodbridge Pacific Group, an Orange County-based builder and developer, seems to be well positioned to
Lennar Earnings Beat Estimates
Lennar’s Q2 2015 earnings beat estimates by 15 cents coming in at 70 cents a share versus 61 cents per share a year ago. Revenue jumped 31% year over year
KB Q2 Earnings Beat the Street
KB Home reported Q2 earnings that beat Wall Street consensus estimates. Earnings came in at $9.6 million, or 10 cents a share, versus analyst estimates of 8 cents per share.
Land Shortage Impeding New Home Supply
In a May survey by the National Association of Homebuilders, 60% of respondents stated that the overall supply of developed lots was low to very low, the highest percentage since
Housing Market in Period of Normalcy
After over a decade of wild volatility in the housing market, conditions seems to be settling into a period of normalcy characterized by stability and slow growth. National home prices
Pull Back in Housing Starts but Rise in Permit Activity
Starts dropped in May by 11% from April and came in at an annualized rate of 1.04 million units. The April starts figure was a seven-year high. Despite the drop,
