Archive
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
Balanced Market in San Diego
Broker sees benefits to both buying or selling homes in the highly desirable San Diego market. Among his picks as two of the top submarkets – North County and the
New Homes Sales Up
February new home sales data came in at 539,000 units. This marks a 7.8% improvement from the prior month and a 24.8% increase from the year ago period. While it
SunCal Places Big Bet in Arts District
SunCal, an Irvine-based masterplan developer, closed on 14.6 acres in the Arts District in downtown Los Angeles for $130 million. The property was purchased with financing from Michael Dell’s family
KB Delivers Q1 Earnings Beat
In another indication of the strengthening new home market, KB reported Q1 earnings above consensus estimates. Analysts had predicted profit of $0.02 per share, which was lower than the $0.08
Lennar Beats in Street in Fiscal Q1 2015
Public homebuilding bellweather, Lennar, reported fiscal Q1 2015 financials that beat the street on both earnings and revenues. Earnings were $.0.50 per share versus consensus analyst estimates of $0.45 per
