CALIFORNIA | LOCAL
June 26, 2000 |
During the recession years of the 1990s, the state postponed a program that required local governments to plan for housing construction to meet California's future population growth. Now that the economy is thriving, the program is back and the tussle over how to divide up the responsibility for the housing is heating up again, particularly in Southern California.
July 10, 1999 |
Flush with equity--and confidence--from rising real estate values, Southland property owners are fueling a new boom in home improvement and remodeling projects they did without for much of the 1990s. In the San Fernando Valley, post-World War II-era houses are getting everything from added sun rooms to high-tech kitchens. In Huntington Beach, modest 1,300-square-foot homes are becoming 2,300-square-foot showplaces. In Newport Beach, they're spending $70,000 on kitchen cabinets alone.
January 19, 1999 |
After decades in which business school classrooms were almost interchangeable, university leaders throughout the United States are scrambling to erect spectacular, high-tech buildings they say are necessary to attract top students.
December 8, 1998 |
The construction business was in such a deep slump a few years ago that contractor Ernie Ritchie was ready to abandon the industry and find a new way to make a living. But on a recent weekday, Ritchie was busy supervising his crew of seven plasterers at the site of a new movie theater in Pasadena while preparing to take on new jobs in Simi Valley and Dana Point. "It's like night and day," said Ritchie, 36, whose revenue is up 10% from last year. "There is a job on every corner you look at.
November 3, 1998 |
Despite some tightening in the capital markets, construction activity in California, as measured by building permit values, continued to increase in September, according to a report by the Construction Industry Research Board. Total construction volume for the state increased $3.44 billion in September, up 4% from August and up 18% from September 1997. Nonresidential building made up $1.35 billion of the $3.44 billion, down 3.8% from August, but up 11.4% from September 1997.
October 6, 1998 |
To most observers, Southern California's growing need for housing should create an ample market for new condominiums. Rising land costs are pushing single-family homes out of the reach of many would-be buyers at the same time that low mortgage rates make mortgages affordable. At a similar point in the last real estate boom, many buyers opted for new condos. This time around, they don't have that option.