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
February 10
2013 - Motion picture helicopter provider David Gibbs of Valencia and two others are killed in crash at Acton movie ranch; Hollywood's deadliest on-set incident since triple-fatal "Twilight Zone Movie" helicopter crash in Valencia in 1982 [report]
NTSB report on helicopter crash


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
Join members of the Santa Clarita City Council, Saugus Union School District and the community for a ribbon cutting ceremony for the new Northbridge Park Playground on Wednesday, Feb. 19 at 10 a.m. at Northbridge Park.
City Unveils Northbridge Park Playground in Partnership with SUSD
The Santa Clarita Artists Association Gallery will showcase the group art show, Pet Palooza, Friday, Feb. 21-Sunday, March 23 with an opening reception on Saturday, Feb. 22, 5-8 p.m.
Feb. 21-March 23: SCAA to Showcase Pet Palooza Art Show
Burrtec Waste is hosting a free document shredding and textile drop-off event for city of Santa Clarita residents only 9 a.m.-noon Saturday, March 29, at the Via Princessa Metrolink Station at 19201 Via Princessa, Santa Clarita, CA 91321.
March 29: Shredding, Textile Collection Event
California State University, Northridge’s Spring 2025 Cinematheque is collaborating with CSUN’s Department of Africana Studies to celebrate Black History Month with a special series, “Black Cinema: Cultural Labor and Liberation,” featuring two films by acclaimed director Robert Townsend, “The Hollywood Shuffle” and “10,000 Black Men Named George.”
CSUN Cinematheque to Celebrate ‘Black Cinema: Cultural Labor and Liberation’
Among several important topics, the Los Angeles County Board of Supervisors will be Evaluating the First Year of CARE Court in Los Angeles County at the Tuesday, Feb. 11 regular board meeting.
Feb. 11: Supes to Discuss CARE Court
Board & Brush will host a DIY "Mats & Mimosa" workshop, 11 a.m.- 1 p.m. Sunday, March 2 at Board & Brush, 24417 Main St., Santa Clarita, CA 91321.
March 2: ‘Mats & Mimosa’ Workshop at Board & Brush
College of the Canyons softball was quick in claiming a pair of non-conference wins on Saturday, Feb. 8, sweeping its doubleheader vs. Imperial Valley College in commanding fashion.
Canyons Sweeps Doubleheader from Imperial Valley in Home Opener
The Open Book will host a local author fair, 2-6 p.m., Saturday, March 1. The Open Book is now accepting applications from authors to participate in the event.
March 1: The Open Book Hosting Local Author Fair
College of the Canyons track and field teams combined for 11 first-place finishes at the annual season-opening Battle of the Regions meet hosted by Bakersfield College on Friday, Feb. 7.
Canyons Track & Field Opens Strong at Battle of the Regions
In today’s fast-paced world, finding the time to stay informed and learn about new subjects can be a challenge; which is why I have always been a huge fan of the ease and flexibility of podcasts whether I’m using my AirPods to listen while exercising, playing through the car while driving or tuning in when relaxing at home.
Ken Striplin | Santa Clarita Voices is On Air
ARTree Community Arts Studio has been awarded a city of Santa Clarita Community Services and Arts Grant for 2025, which will allow it to offer its popular Nest: Healing Art Studio program an additional day each month for a year.
ARTree Receives Grant, Facilitating Nest Program
Junior Chamber International of Santa Clarita has announced the return of Get Real: Adulting 101, a fun and interactive financial education simulation for high school juniors and seniors.
March 29: JCI Get Real: Adulting 101 Seeks Sponsors
The city of Santa Clarita’s Film Office has released the list of nine productions currently filming in the Santa Clarita Valley for the week of Monday, Feb. 10 to Sunday, Feb. 16.
Feb. 10-16: Nine Productions Filming in Santa Clarita
Sulphur Springs Union School District is hosting a job fair, 9 a.m.-2 p.m. Friday, Feb. 21 at 27000 Weyerhaeuser Way, Santa Clarita, CA, 91351.
Feb. 21: Sulphur Spring School District Job Fair
2013 - Motion picture helicopter provider David Gibbs of Valencia and two others are killed in crash at Acton movie ranch; Hollywood's deadliest on-set incident since triple-fatal "Twilight Zone Movie" helicopter crash in Valencia in 1982 [report]
NTSB report on helicopter crash
Detectives from the Los Angeles County Sheriff’s Department Missing Persons Unit is asking for the public’s help locating an at-risk missing person.
UPDATE: LASD Seeks Public’s Help Locating Missing Santa Clarita Man
1971, 6:01 a.m. - Sylmar/San Fernando Earthquake centered in Iron Canyon/Sand Canyon [WATCH FILM]
1971 earthquake film
1990 - Rock 'n' Roller Del Shannon, whose hit "Runaway" topped the charts in April 1961, found dead at home in Sand Canyon [story]
Del Shannon
Beginning Saturday, Feb. 8 through Sunday, March 2, customers in Santa Clarita Valley can donate to Boys & Girls Clubs of Santa Clarita Valley during checkout at their local Ross Dress for Less store.
Ross Fundraiser Benefits SCV Boys & Girls Club
The Saugus Union School District Asset Management Committee will hold its next meeting on Wednesday, Feb. 12.
Feb. 12: Saugus School District Asset Management Committee Meeting
The Castaic Union School District Governing Board will hold its regular meeting Thursday, Feb. 13, at 6 p.m. The board will first meet in closed session at 5 p.m.
Feb. 13: Castaic School Board to Receive Chiquita Canyon Landfill Update
The Santa Clarita Master Chorale, led by Artistic Director Allan Robert Petker, is currently in its 25th anniversary season celebrating its mission to bring fine choral music to the Santa Clarita Valley community.
March 9: Santa Clarita Master Chorale Presents ‘Silver Serenade’
The Santa Clarita City Council will hold a special meeting in closed session to negotiate the purchase of parcels of land at 5:30 p.m. in the Carl Boyer Room at City Hall on Tuesday, Feb. 11.
Feb. 11: City Council to Negotiate Land Purchases
The Santa Clarita Community College District Board of Trustees will hold a business meeting Wednesday, Feb. 12, beginning at 5 p.m. The board will first meet in closed session at 4 p.m.
Jan. 12: COC Board Considers 2025 Goals, Affordable Student Housing
SCVNews.com