62% of builders reported that there was a shortage of developed lots in the markets in which they operate according to a National Association of Home Builders survey conducted in May. This is the largest percentage ever recorded since the NAHB started asking the question in 1997. The problem appears especially acute in “A” markets, and the low lot inventory has resulted in increases in land prices and has contributed to low housing production levels.
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
The Robert Green Company and Zephyr jointly acquired a 16-acre oceanfront parcel in Del Mar, CA. The Encinitas, CA firms envision development of a luxury resort, branded resort villas, restaurants
Brookfield Residential Properties is currently undergoing the entitlement process for 74-acres in Whittier, the former site of the Fred C. Nelles Youth Correctional Facility. The planned mixed-use project could see
