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 – which makes precision-manufactured houses that can be assembled faster and more efficiently than through traditional methods – said it plans to break ground on the project this year, with homes available for sale in early 2018

Read More

Previous KB Home (KBH) Tops Q4 Earnings Estimates, Backlog Strong
Next Homeowners Have More in Equity, But Mood Soured by Rising Mortgage Rates

About author

Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

View all posts by this author →

You might also like

Land/Projects

CaliforniaWest and Presidio Residential Capital to Begin Model Construction at 71-Unit Neighborhood in San Marcos, Calif.

CaliforniaWest and Presidio Residential Capital have announced the start of model construction at Westerly, a new neighborhood with 71 home sites on 13 acres within the 253-acre master-planned Rancho Tesoro

Homebuilders / Land Developers

With Capital Backing From China, Landsea Homes Grows U.S. Footprint

Landsea currently builds on both coasts and eyes further expansion.

Homebuilders / Land Developers

Brandywine Homes to Build 586-Unit Self Storage Facility in Escondido

ESCONDIDO, Calif. – December 19, 2016 – Brandywine Homes announced today that it has purchased 3.2 acres of vacant land at 2319 Cranston Drive in Escondido’s Kit Carson neighborhood and