The housing bust greatly affected the inland areas of Riverside and San Bernardino counties, Calif. Today, RealtyTrac reports that builders are testing the waters there.
Developers such as KB Homes and New West Development are either kick-starting massive new developments or are reviving ones that were stalled or lying dormant during the recession. Inland California is no longer awash with foreclosures and the economy is slowly improving, but the unemployment rate still remains high, which the Bureau of Labor Statistics reports is at 9.2 percent in July, compared with 8.7 in Los Angeles County and 5.7 percent in Orange County.
Read more
Home builders are testing California’s inland Empire market
Advertisement
Top Articles
Advertisement
Advertisement
More in Category
Delaware-based Schell Brothers, our 2023 Builder of the Year, brings a refreshing approach to delivering homes and measuring success with an overriding mission of happiness
NAHB Chairman's Message: In a challenging business environment for home builders, and with higher housing costs for families, the National Association of Home Builders is working to help home builders better meet the nation's housing needs
Sure there are challenges, but overall, Pro Builder's annual Housing Forecast Survey finds home builders are optimistic about the coming year