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Lennar to Build 124 Homes in the Phillips Ranch area of Pomona
Lennar Corp. has purchased a 13.9-acre site in the masterplanned Phillips Ranch area of Pomona where it plans to build 124 homes and 6,000 square feet of retail space. The
Brown Revisits Efforts To Increase Housing Construction
In releasing a state spending plan for the next fiscal year, Gov. Jerry Brown revisited efforts to increase new housing through legislation that would streamline permitting and create incentives for
Homeowners Have More in Equity, But Mood Soured by Rising Mortgage Rates
Home prices have been rising for 53 straight months, lifting millions of borrowers from underwater on mortgages. In the first three quarters of 2016 alone, howeowners added $837 billion in
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
KB Home (KBH) Tops Q4 Earnings Estimates, Backlog Strong
KB Home KBH reported impressive fourth-quarter fiscal 2016 earnings of 40 cents per share that surpassed the Zacks Consensus Estimate of 37 cents by 8.1%. On a year-over-year basis, the
Cook Hill Properties to Build 1,200 Homes on Oil Property in Montebello
The new owners of the development company planning to build 1,200 homes in the Montebello hills said the firm plans to continue with the project. Newport Beach-based Cook Hill Properties
Lots: Builder’s Two Big Questions in 2017
Two difficult questions confront home builders and residential developers amid the uncertainty of the moment, and we’ve been hearing them in the aisles and off the floor during the home
Housing Industry Poised For More Growth In 2017
IRVINE, CA—A number of factors pull in this sector’s direction, such as jobs, household formations and a lack of supply supported by the demographics of Millennials and Baby Boomers, TRI
Where Are Residents in Los Angeles and Orange Counties Buying Homes?
In the last blog on recent trends in homebuyer mobility we found that high housing prices in two Northern California counties (San Francisco and Alameda) had been a principal cause
Report Finds Homeownership in California Lowest Since 1940s
While San Francisco is often portrayed as the epicenter of housing unaffordability on the West Coast, the issue is truly pervasive to California as a whole. A draft report from
