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

Inside
Weather
Santa Clarita CA
Mostly clear
Mostly clear
64°F
 
Calendar
Today in
S.C.V. History
April 26
1906 - Bobby Batugo, World Champion Mixologist in the 1970s, born in The Philippines [story]


The median price of a new home in Santa Clarita rose 4.7 percent in September to $475,000 from $453,600 a month earlier – unchanged from $475,000 a year ago. But only nine homes closed escrow during September, a drop of 67 percent on the month and 53 percent year-over-year.

The SCV was at par in that regard with the rest of the county, where escrow closings dropped sharply, according to the local chapter of the Building Industry Association of Southern California.

New-home sales in September dropped from the previous month and from September 2010 in both Los Angeles and Ventura counties, the BIA reported Monday.

A total of 221 new homeowners took the keys to their new homes and condos during the month in L.A. County, according to sales totals compiled for the BIA by Hanley-Wood Market Intelligence. Costa Mesa-based HWMI tracks closings in new-home communities of 10 units or more.

September’s total was down from 286 the previous month and 341 a year ago, when state tax credits for purchasing a new home were still in effect and is the lowest monthly total since January, when 209 closings took place.

The most sales during the month took place in West Los Angeles (82), followed by the South Bay and San Gabriel Valley.

However, the countywide median price increased by 6 percent from the previous month to $381,900. That figure was down 16 percent from a year ago. And the average price per square foot in L.A. County rose slightly to $291 – almost exactly where it was in January.

Ventura County reported just 17 closings in September, and both median price and price per square foot fell month over month and year over year.

Holly Schroeder, CEO of the Los Angeles/Ventura Chapter, said the drop in closings is another sign of how shaky the nation’s economic recovery is and urged local governments throughout the region to work with the building community to make as many projects as possible financially feasible.

“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,” Schroeder said.

“Homebuilding is a big part of our economy and getting the industry back on its feet would go a long ways toward rebuilding our economy, reducing unemployment and generating tax revenues for state and local governments up and down the state.”

 

BIASC is a non-profit trade association representing 1,000 member companies in the housing industry, construction trades, and affiliated businesses throughout Southern California.

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
The Santa Clarita Planning Commission will hold a study session, Tuesday, May 1, at 5:00 p.m.
May 1: Santa Clarita Planning Commission Study Session
The Santa Clarita City Council will hold a Budget Committee meeting, Tuesday, May 1, at 2:00 p.m.
May 1: City Council Budget Committee Meeting
On Friday, April 20, CalArts students competed in the inaugural competition, Junk Battle, a new environmental contest that asks some of LA’s most creative young minds to focus on an enormous environmental issue—namely, what to do about the mountains of waste that we humans create.
May 9: New Normal Sustainable Arts Fair, Green Workshop
On Thursday, May 3, the CalArts Expo returns to showcase radical new directions in digital arts and technology from students, faculty, alumni, and guest artists working across all disciplines.
May 3: CalArts Digital Expo
The CSUN Softball team takes on UC Santa Barbara this weekend in a three-game series.
Matadors Face-Off Against Gauchos in 3-Game Series
May’s National Foster Care Month provides an opportunity for people all across the nation to focus attention on the year-round needs of American children and youth in foster care.
May 19: Foster, Foster-Adopt a Child Information Meeting
“Wheelchair Assist” — a business venture and senior design project created by a team of California State University, Northridge mechanical-engineering students — won first place and $20,000 at CSUN’s annual Bull Ring New Venture Competition that took place earlier this week.
Matadors Take First Place, $20K in Bull Ring New Venture Competition
The Santa Clarita Chamber of Commerce is excited to celebrate the 10th annual State of the County Luncheon as Supervisor Kathryn Barger shares her vision for the Santa Clarita Valley.
May 11: Chamber’s State of the County Luncheon
The Northpark Village Square is planning a Child Safety Fair in the center for Saturday, May 5, from 11:00 a.m. - 2:00 p.m.
May 5: Child Safety Fair at Northpark Village Square
The Los Angeles County Registrar-Recorder/County Clerk (RR/CC) began mailing 5,148,411 Sample Ballot booklets to voters for the June 5th Statewide Direct Primary Election.
More than 5 Million Sample Ballots Mailed Out Ahead of Statewide Primary
NORTHRIDGE - With the regular season in the rearview mirror, No. 19 CSUN Water Polo now sets its sights on the Big West Conference Tournament.
CSUN Readies for Big West Tournament Play Against UC Irvine
On a lovely, summer evening, June 16, 1978, Saugus High School celebrated their first graduating class with a ceremony full of firsts.
June 16: Saugus High 40-Year Reunion Class of ’78
The JetHawks couldn’t overcome an early deficit and fell to the Visalia Rawhide, 10-5, on Wednesday afternoon at Recreation Park.
George’s Homer Not Enough to Overcome JetHawks’ Deficit
The Community Gardens of Santa Clarita first broke ground in 2011 with the support of Garden Club of Santa Clarita and the city of Santa Clarita.
May 5: Community Garden of Santa Clarita’s Farm-to-Table Kids Event
SACRAMENTO - On Wednesday, Senator Scott Wilk, R - Antelope Valley, announced that the Senate Committee on Governmental Organization has unanimously passed Senate Bill 1452, a bill aimed at creating an official state memorial for those Californians who have fallen fighting in support of the Global War on Terror.
Wilk’s War on Terror Memorial One Step Closer to Reality
On April 15, 19-year-old artist and Santa Clarita resident, Lauren Dair, stumbled across the Stagelight Monthly Music Contest II on social media and on a whim, she casually entered her song "Monster.”
SCV Resident Releases Song Co-Written by Linkin Park Band Members
For over 30 years, College of the Canyons has been a leader in Workforce Training and Development by providing customized training solutions to businesses in our region.
May 18: COC’s Business Partner Breakfast
The Small Business Administration Office of Advocacy is an independent office that serves as a voice for small business within the federal government, the watchdog for the Regulatory Flexibility Act and the source of small business statistics.
May 3: Regional Regulatory Reform Roundtable
The Gentle Barn, a national, nonprofit, animal sanctuary that saves animals from abuse and neglect has an inspiring new rescue story.
Gentle Barn, ‘Walking Dead’ Star Team Up for Cow Saved from Slaughter
The Santa Clarita City Council approved Councilmember Bob Kellar’s nomination and appointed Philip M. Hart to fill a vacancy on the Planning Commission during the council’s regular meeting Tuesday night. Hart was selected on the recommendation of a community-driven advisory panel and will replace Charles Heffernan, who resigned earlier this year.
Phil Hart Fills Vacancy on Planning Commission
The Opioid Crisis is a severe and growing problem. On average, 174 people in America every day die from an overdose or addiction-related complication. This is completely unacceptable. In order to combat this national challenge, we must approach this issue from all angles.
April 28: National Drug Take Back Day
1906 - Bobby Batugo, World Champion Mixologist in the 1970s, born in The Philippines [story]
College of the Canyons hit three home runs to power past Victor Valley College 10-2 on Tuesday, keeping the Cougars' conference championship hopes alive.
Cougars Power Past Victor Valley 10-2
College of the Canyons finished its conference schedule a perfect 16-0 by beating Barstow College 6-2 after 'Sophomore Day' ceremonies at Whitten Field.
Canyons Clinches Division Championship With 6-2 Win Over Barstow
College of the Canyons' men's golf team had all five players finish in the top-five of the individual standings on the way to a 35-stroke team victory at Western State Conference No. 10 on Monday at San Dimas Golf Course.
COC Men’s Golf Team Crushes Competition at WSC No. 10
The College of the Canyons Cougars closed out their three-game series with conference leader Glendale College, downing the Vaqueros 5-2 on Saturday to finish the weekend one game back with three to go.
Canyons Takes Series With 5-2 Win Over Glendale
The SCV Senior Center's Scholar Series will present a historical reenactment of American educator, author and journalist Laura Ingalls Wilder performed by Louise Willard of the American Association of University Women on Friday, April 27, from 1 p.m. to 2 p.m.
April 27: Senior Center to Present Historical Reenactment of ‘Little House’ Author
In a unanimous 4-0 vote Tuesday night, the Santa Clarita City Council appointed former Logix Federal Credit Union Chief Operating Officer and Santa Clarita Valley Economic Development Corporation board member Philip M. Hart to fill a position on the city's five-member Planning Commission.
City Council Appoints Phil Hart to Planning Commission
California State University, Northridge gender and women’s studies students and queer studies students will present their capstone research projects about the cultural aspects of sexuality and gender to students, faculty, staff and members of the community on Tuesday, May 1, and Wednesday, May 2, at the university.
May 1-2: CSUN 5th Annual ‘Sex in the Library’ Event
The California Senate Committee on Public Safety voted 4-1 Tuesday to approve Senate Bill 1024, the Animal Cruelty and Violence Intervention Act of 2018, introduced by Senator Scott Wilk, R-Antelope Valley, as a way to address the undeniable link between animal abuse and violence towards humans.
Wilk Animal Cruelty Intervention Act OK’d by Committee
The Santa Clarita Valley Sheriff’s Foundation hosted a recognition and appreciation dinner on April 19 for the dedicated men and women who volunteer with the Santa Clarita Valley Sheriff’s Station.
SCV Sheriff’s Foundation Honors Local Volunteers
Brandon Gold didn’t allow a run over seven innings, and the JetHawks hit two home runs to support him in a 9-3 win over the Visalia Rawhide on Tuesday night at Recreation Park.
Solid Gold Gets Third Win with Help from Bats
Rep. Steve Knight (R-Antelope Valley) introduced H.R. 5610, the bipartisan Better Energy Storage Technology Act, on Wednesday, seeking to establish innovation goals to develop large-scale commercially viable energy storage technology.
Knight Introduces Bill to Boost Energy Storage Development
Cannabis management officials from LA County and the city of LA offer advice to people seeking employment as retail cannabis budtenders.
Cannabis Officials Offer Job Tips for Aspiring Budtenders
An Arleta man and his sister are happy to be alive after another driver shot at their vehicle eight times on Highway 14 near Crown Valley Road in the Acton area Tuesday night.
Assailant Shoots at Arleta Man, Woman on Highway 14
Senate Bill 1409, which would update current law to streamline the production of industrial hemp in California, has been passed by the Senate Committee on Public Safety.
Wilk Industrial Hemp Bill Unanimously Passes Senate Committee