Posts From Michael Anderson
KB Misses on 4Q 2015 Earnings
KB Home reported 4Q 2015 earnings of $44 million, or 43 cents a share, compared to analyst expectations of 50 cents a share. KB also reported that average selling prices
Big Blow Dealt to Santa Clarita Mega-Project
The Newhall Ranch project in the Santa Clarita Valley area of Los Angeles County was dealt a major setback by the California Supreme Court which rejected the sufficiency of its
Conforming Loan Limits Continue to Impede Housing Recovery
The availability, or lack thereof, of mortgage financing has been one of the biggest factors impacting the pace of the housing market recovery. Loan limits on federally-backed mortgages have not
New Home Sales on the Wane in the OC
Corelogic recently reported that new home sales in Orange County experienced an unbroken downward streak from November 2014 through September 2015. This downward trend runs counter to what has been
Five Knolls Masterplan in Santa Clarita Open for Business
Brookfield’s Five Knolls masterplan in Santa Clarita grand-opened on September 26. The community will consist of 494 homes at build-out across 6 neighborhoods on 247 acres. The project includes a
Pulte Misses Earnings Expectations
PulteGroup’s stock took a tumble after the company reported earnings that fell short of analysts’ expectations. The company reported earnings of 30 cents a share down 7 cents from the
Horton Picks Up 20 Lots in West Hills
DR Horton acquired 20 unimproved lots in the West Hills section of the San Fernando Valley. The lots will average approximately 5,000 square feet in size with home sizes averaging
Banning Ranch Set for Crucial Coastal Commission Hearing
The Banning Ranch project, on 401-acres in Newport Beach, will go before the California Coastal Commission on Wednesday, October 7. Already approved by the City of Newport Beach, the fate
Esencia Draws 10,000 Viewers
Esencia, the second phase of the 14,000-home Rancho Mission Viejo masterplan, opened this past weekend with 42 model homes and drew 10,000 viewers. Esencia, just east of San Juan Capistrano,
Storm Continues Acquisitions with Whittier Buy
Storm Properties, a Torrance-based developer, recently acquired a site in Whittier, at the corner of Hadley Street and Magnolia Avenue, slated for development of 32 townhomes. The property will need
