September 29, 1992 |
The recession may be destroying what's left of Orange County consumers' confidence, but don't try to convince officials at RGC that the sky is falling. The Newport Beach residential builder, best known for its stylish, mid- and low-priced attached housing, has begun construction on the second tract of semi-custom homes in the Irvine Co.'s Newport Coast development.
July 14, 1993 |
News that Southern California's second-largest home builder has defaulted on a $150-million development loan is sending a shiver through an already ailing industry. The decision by Fieldstone Group of Cos. to allow the loan for the 2,300-acre La Costa planned community in northern San Diego County to go into default shows that not even the biggest and most successful builders are immune from cash-flow problems. Late last year, in fact, the giant William Lyon Co.
March 6, 1994 |
Building more houses than its next two closest competitors combined, Kaufman & Broad Home Corp. has claimed the No. 1 spot on The Times' 23rd annual survey of Southern California home builders. The Los Angeles-based developer built 2,642 houses and condos in 1993 and sold all but 348 of them, for a sales volume of $434 million, up an astounding 55% from its 1992 sales volume of $279 million. K&B builds primarily entry-level homes, in a price range of $100,000 to $200,000.
March 26, 2000
It's baaaaaack! Bumped out of the lead in 1998, Kaufman & Broad Home Corp. is back in the No. 1 spot on The Times' 1999 survey of residential building in Southern California. K&B, which completed its purchase of Lewis Homes last year and is now the nation's largest builder, reported sales volume of $890 million on sales of 3,618 single-family homes in the Southland. Lennar/Greystone, which topped the '98 survey, ranks No.
October 11, 1992 |
The rules for home building are about to change--to the benefit of middle-income consumers who have long been locked out of the detached new home market in high-priced areas of Orange, Los Angeles and San Diego counties.
February 5, 1989 |
Tell the average city official that you'd like to build a townhouse project with 260 units on 11 acres and chances are good you'll be run out of town. In Irvine's new Westpark Village, RecreActions Group of California Inc., Newport Beach, is getting ready to break ground on just such a project, Corta Bella, an extremely high-density (23.2 dwelling units an acre) project that could set the tone for future attached developments in the Southland. The Irvine Co.
March 10, 1996
BUILDING LEADERS 1995 Company Sales in millions *--* Rank 1995 Company 1995 1996 City, Key Officer Volume Projection 1 Kaufman & Broad Corp.* 432 ** Los Angeles, Bruce Karatz 2 Greystone Homes Inc. 293.9 ** Los Angeles, Jack R. Harter 3 Standard Pacific Corp. 266 ** Costa Mesa, Ronald R. Foell 4 Pardee Construction Co. 231 297.5 Los Angeles, David E. Landon 5 Lewis Homes Group of Companies 210.5 210 Upland, Richard A. Lewis 6 Centex Real Estate Corp.* 191 212.9 Corona, Larry B.
March 19, 1989 |
Sales of new homes throughout the Southland in 1988 continued at an unprecedented pace while production expectations for 1989 soared to another high. The 18th annual Times survey of residential construction of a seven-county Southern California area reveals high optimism among home builders, who project a 29.5% increase in sales during the current year. Actual sales in 1988 increased 21.2% over 1987.