Anaheim unveiled its first motel-to-affordable housing conversion site on Aug. 23, the first completed project of the city’s 2019 effort to create affordable housing solutions for the homeless. Called Buena Esperanza, the project took the former Econo Lodge and completely renovated it into a permanent supportive housing community, with 69 studio apartments for veterans, those…
Anaheim Unveils New Affordable Housing Project Created From Former Motel
US New Home Sales Rebound Modestly in July; Prices Surge
WASHINGTON—Sales of new U.S. single-family homes increased in July after three straight monthly declines, but housing market momentum is slowing as surging housing prices amid tight supply sideline potential buyers from the market. The report from the Commerce Department on Tuesday showed builders were increasingly pre-selling homes, with about 75 percent of the houses sold…
Home Construction Slumps as Supply Constraints Weigh on Production
Home construction fell sharply in July, adding to evidence that elevated construction costs and surging house prices continued to be a headwind for the housing market. Housing starts fell 7 percent to a seasonally adjusted annual rate of 1.534 million units last month, according to a Commerce Department report (pdf). While this is the slowest…
Initiative To Clear Venice Encampment Brings 191 People Indoors
LOS ANGELES, Calif.—On the last official day of the Encampment to Home initiative to offer a pathway to permanent housing to people living along the Venice Boardwalk, Councilman Mike Bonin and Mayor Eric Garcetti said July 30 that 191 people have been brought indoors. “A metric that people are judging this by is how the…
Legislature Returning to Fiery Housing Crisis Debate
July 29, 2021
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Commentary California housing always is in crisis; the COVID-19 pandemic changed the nature of the situation with rent moratoriums and lockdowns. A year ago, legislators alternated Zoom meetings with masked in-person meetings in the Capitol. This year, they will return from recess on Aug. 16 likely to masked meetings. The main housing bills being worked…
Housing Market Begins to Stabilize
July 27, 2021
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Commentary Evidence is growing that the U.S. and western housing markets are returning to pre-pandemic norms. The U.S. Census Bureau and Department of Housing and Urban Development released national data July 26, showing homebuilders are now offering enough homes to meet current demand for 5.9 months, almost exactly the middle of the five-to-seven month range…
Analysis: Arizona, Virginia Cities Dominate Top 10 Places to Buy First Home
Despite the coronavirus pandemic that overtook the country during 2020, 40 percent of all housing purchases last year were made by first-time buyers, a 14 percent increase over 2019. A new study from WalletHub looks at 300 cities nationwide of varying sizes to rank the best places for new home buyers based on key indicators….
Consider Renting in Today’s Out-of-Control Real Estate Market
Dear Monty: Is America in a housing bubble? We think today’s out-of-control real estate market is crazy. We are attempting to downsize our lifestyle with a smaller home. In two instances, we made an offer, and someone outbid us. Our home is free and clear, so we are cash buyers. We don’t want to sell…
To Solve Homelessness, the Underlying Reasons Must Be Addressed
Commentary The scenes were shocking as activists clashed with police officers who were dismantling a homeless encampment in Toronto on July 21. Officers were compelled to use pepper spray and force as activists linked arms and attempted to block the efforts of the police. In the end, 26 activists were arrested and the encampment was…
Homelessness, Housing, Top Newport Mayor’s Priorities
July 23, 2021
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NEWPORT BEACH, Calif.—Newport Beach Mayor Brad Avery gave his 2021 State of the City July 21 during Speak Up Newport’s annual mayor’s reception. Avery took the podium before a sold-out crowd of about 400 guests that included current and former city council members, city commissioners, city staff, and residents. The annual event, which is presented by…
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