Thread: O.C. CA. builder plans $600 million in land buys

O.C. builder plans $600 million in land buys

February 6th, 2011
by Jeff Collins

Irvine-based homebuilder Standard Pacific Homes has announced that it plans to double the amount it will spend on land purchases in 2011, getting itself ready for the next housing boom.

In all, the firm said in its fourth-quarter conference call with market analysts that it will spend “in the neighborhood of $600 millionâ€

Originally Posted by JohnDoe2

O.C. builder plans $600 million in land buys

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Plans? What year? What decade? How far is O.C. from Temecula?

California homes being demolished to avoid city fines for being empty ...

VIDEO: http://www.youtube.com/watch?v=ZsgOaCZ2 ... re=related

http://www.youtube.com/watch?v=COy1YyVU ... ure=relmfu

CASH FOR KEYS ..

http://www.youtube.com/watch?v=nzACsGru ... ure=relmfu

Construction starts on Mission Valley's largest development (San Diego)
The Civita land plan calls for more than 4,700 homes, nearly 1 million square feet of commercial development and several dozen acres in parkland and open space.
http://www.alipac.us/ftopict-219903.html

1,400 New Homes Planned for Santee, CA. (Near San Diego)
http://www.alipac.us/ftopict-227247.html

related


California Declares Fiscal Emergency

http://www.alipac.us/ftopic-225353-days ... asc-0.html

Jerry Brown, California’s governor, declared a state of fiscal emergency on Thursday for the government of the most populous US state to press lawmakers to tackle its $25.4 billion budget gap.
http://www.cnbc.com/id/39309617/?Is_Any ... California
http://www.cnbc.com/id/36510805/

Democrat Brown’s declaration follows a similar one made last month by his predecessor Arnold Schwarzenegger, the former Republican governor.

Demand for O.C. homes surges 26%

February 7th, 2011, 12:43 pm
by Jon Lansner

The latest Orange County home inventory report from local broker Steve Thomas – formerly of Altera Real Estate — as of February 3 says …

Demand, the number of new pending sales over the prior month, increased by 26% in the past two weeks, adding an additional 564 homes, and now totals 2,718 pending sales. Thus far this year, demand is a mirror image of 2009, prior to any artificial government stimulus. Last year, there were 530 additional pending sales; but, remember that demand was being propped up by the $8,000 first time home buyer tax credit.

Thomas calculates a “market timeâ€

Stocks have nearly doubled since the March 2009 low

http://www.alipac.us/ftopict-227300.html

OC is just over the hill from Lake Elsinore about 25 miles via winding road....