header image

[Sign Up Now] to Receive Our FREE Daily SCVTV-SCVNews Digest by E-Mail

Inside
Weather


 
Calendar
Today in
S.C.V. History
April 26
1906 - Bobby Batugo, World Champion Mixologist in the 1970s, born in The Philippines [story]
Bobby Batugo


Industry group urges cities, counties to cut fees and provide incentives so builders can construct more new homes
| Thursday, Oct 20, 2011

August was the hottest month so far this year for new-home sales, the Building Industry Association’s Los Angeles-Ventura Chapter reported Thursday.

Throughout Los Angeles County, 281 newly built homes closed escrow in August, up 24.9 percent from July’s revised figure of 225. But August closings slipped 17.8 percent from 342 in August 2010.

Prices across the county were weaker both month-to-month and year-over-year. Median new-home sale prices fell 5.8 percent to $362,500 countywide in August from $385,000 in July and were off a significant 21.9 percent from the August 2010 median price of $464,250.

In the Santa Clarita Valley, August 2011 proved better on both the month and the year as 27 new homes closed escrow compared to only 15 in July and 23 a year earlier.

SCV new-home prices slipped 10.7 percent in August to $457,000 from July’s  $512,000 but were 8.4 percent better than last year’s median price of $421,500.

BIA chapter CEO Holly Schroeder welcomed the monthly volume increase but described overall sales as anemic.

“The ongoing weakness in new-home construction is a major reason why the regional and state economies have not shown the kind of strong growth we typically see after a recession,” she said. “We are continuing to work closely with city and county officials to demonstrate the need to reduce fees and provide incentives for builders to begin construction on more new homes, condos and apartments.”

In the home resale market for the same period, volume was up on the year but prices were down. The Southland Regional Association of Realtors reported last month that 19.4 more previously owned homes changed hands in August 2011 than in August 2010, but the median price fell 10.2 percent over the year to $372,500.

Comment On This Story
COMMENT POLICY: We welcome comments from individuals and businesses. All comments are moderated. Comments are subject to rejection if they are vulgar, combative, or in poor taste.
REAL NAMES ONLY: All posters must use their real individual or business name. This applies equally to Twitter account holders who use a nickname.

0 Comments

You can be the first one to leave a comment.

Leave a Comment


Latest Additions to SCVNews.com
In the Roaring ’20s in the big city, if there’s enough “razzle dazzle,” you just might get away with murder. That’s the premise of the hit musical “Chicago,” which has enjoyed success for nearly 50 years, and was based on true-crime stories of a century ago.
May 2-4: ‘Chicago’ On Stage at West Ranch High School
California Institute of the Arts will present the annual CalArts Expo on Saturday, May 2. The Expo is an institute-wide event featuring interdisciplinary creative work from the CalArts community, ranging from current students to internationally renowned faculty and alumni creators.
May 2: Annual Cal Arts Expo Open to the Public
Blue Heat, the Saugus High School show choir team, ended its competition season on April 12 with a first-place finish in the mixed division Tier IV at John Burroughs Music Showcase 2024 held in Burbank. The team also won the awards for Best Musicianship and Best Showmanship.
Saugus High Show Choir Captures Awards at Music Showcase
Against a backdrop of cinematic magic at Nickelodeon Animation Studios in Burbank, California Institute of the Arts honored the transformative power that philanthropy has had in nurturing the dreams of CalArts students.
CalArts Honors Scholarship Donors at Nickelodeon Event
Two classic one-act comedies written by the late James McLure are coming to The Main in Old Town Newhall for a two-weekend run starting Friday, May 10.
May 10: Two Classic One Act Comedies Open at The Main
The Los Angeles County Department of Economic Opportunity and the County Film Office, in partnership with Los Angeles County Board of Supervisor Chair Lindsey P. Horvath and Fifth District Supervisor Kathryn Barger, unveiled a new $4.1 million grant program to provide relief to small and micro businesses affected by both COVID-19 and the 2023 Hollywood double strikes.
$4.1 Million Grant Program for Small, Micro Businesses in L.A. County
Join the Saugus Instrumental Music Program at Saugus High School for a fun community event. Get ready, Santa Clarita, for an unforgettable morning of shopping, entertainment and support. The Saugus Instrumental Music Program Rummage Sale, where treasures abound and bargains await will be held Saturday, June 8, 7 a.m. to 1 p.m.
June 8: Saugus High Instrumental Music Program Rummage Sale
The Placerita Canyon Nature Center Associates invite residents of the Santa Clarita Valley to the annual Placerita Canyon Nature Center Open House event to be held Saturday, May 11, 10 a.m. to 2 p.m.
May 11: Placerita Canyon Nature Center Open House
1906 - Bobby Batugo, World Champion Mixologist in the 1970s, born in The Philippines [story]
Bobby Batugo
Starting Monday, April 29, construction on the South Fork Trail will begin to replace a portion of the lodgepole fencing, the city of Santa Clarita announced.
South Fork Trail Construction to Begin April 29
College of the Canyons dual-sport athlete Sam Regez will continue his career at University of Portland with plans to run on both the cross country and track and field programs.
COC Standout Sam Regez Signs with University of Portland
An entertainment industry initiative to support the voices of California State University, Northridge film and TV students was celebrated with a recent screening of stories they created. 
‘Changing Lenses’ Initiative Lends Voice to CSUN Film, TV Students
How important is Film and Tourism to the Santa Clarita Valley Economy? 
SCVEDC Delves into Santa Clarita Film, Tourism Impact
Earlier this month, a team of biology students at The Master’s University won a distinguished award at one of the oldest intercollegiate research conferences in the country.
TMU Biology Students Earn Recognition at Annual Research Conference
Lisa Zamroz has announced her intent to step down as the head coach of The Master's University's women's basketball team effective July 1, 2024.
TMU Women’s Basketball Coach to Resign
Spring heralds a time of renewal and rejuvenation, not just in the natural world, but within our homes and lives as well.
Cameron Smyth | Spring Cleaning Your Neighborhood
College of the Canyons student-athletes Gigi Garcia (softball) and Hannes Yngve (men's golf) have been named the COC Athletic Department's Women's and Men's Student-Athletes of the Week for the period running April 15-20.
COC Names Gigi Garcia, Hannes Yngve Athletes of the Week
California Institute of the Arts' Community Weekend kicks off on Friday, April 26 and runs through Sunday, April 28.
April 26-28: Community Weekend Returns to CalArts
May is National Foster Parent Appreciation Month! Celebrate by applying to become a resource parent and fostering or foster-adopting siblings.
May 16: Children’s Bureau Foster Care Orientation
Santa Clarita resident Edina Lemus has been appointed Administrator of the Veterans Home of California in Lancaster by California Gov. Gavin Newsom.
Newsom Appoints SCV Resident Veterans Home Administrator
The California Department of Transportation has scheduled Lane Closures on the northbound and southbound State Route 14 between Technology Drive in Palmdale and Avenue A in Lancaster, closing up to three lanes.
Caltrans Announces SR-14 Lane Closures
1906 - Bercaw General Store opens in Surrey (Saugus) [story]
Bercaw Store
State Superintendent of Public Instruction Tony Thurmond testified today in the Senate Education Committee about the need for results-proven training for all teachers of reading and math.
State Superintendent Makes Historic Push for Results-Proven Training in Literacy, Math as Sponsor of SB 1115
The Los Angeles County Department of Public Health cautions residents who are planning to visit the below Los Angeles County beaches to avoid swimming, surfing, and playing in ocean waters:
Ocean Water Warning for April 24
SCVNews.com