Posts From Michael Anderson
OC Land Prices Continue to Climb
The high cost of land in Orange County continues to contribute to the housing affordability problems within the County. With a “finished lot” in the OC estimated at $575,000, land
New Home Sales Slide
On the heels of earnings misses from DR Horton and PulteGroup, the US Commerce Department reported more disappointing news for the new home market. Sales for new single-family homes dropped
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
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
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
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
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
Builders Reporting Strong Spring Sales
Consistent with anecdotal reports from in the trenches, the data seems to be proving out that the spring selling season is shaping up to be an improvement over the prior
Pace of Land Acquisitions Activity Expected to Pick Up
With builders reporting strong sales activity so far this year, the need to replenish and grow land pipelines is once again becoming a top priority at many homebuilding companies. While
