An overview of the California housing market by Jeff Meyers of Meyers Research LLC, a Kennedy Wilson Company.

1. Allen Matkins Real Estate
Development Law Update
February 2014
February 2014

2. California

3. Orange County
Jobs Above Historical Averages
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4. Orange County
Permits Below Peak
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5. Orange County
Jobs Outpace Permit Activity
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6. Orange County
Sales Activity Tapers
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7. Orange County
Affordability Drops…but still good
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8. Orange County

9. Orange County
Map of New Home Projects in OC
In addition, Irvine Company has
additional ~6,500 unit across the
Irvine Ranch that could enter the
market between 2015-2016
1
2
3
Number
1
2
3
4
5
6
7
8
9
10
11
Total
Project
Name
Orchard Hills
Tustin Legacy
Pavillion Park
District 1
Baker Ranch
Towne Center
Portola Center
RMV PA 2
Sendero
Pacific Point
Marblehead
3
4
Builder/
Expected
Number
Developer/
Market
of Units
Owner
Entry
Irvine Company
615
1Q2014
Standard Pacific Homes
238
3Q2014
FivePoints
726
ACTIVE
FivePoints
1,006
1Q2015
Shea Homes/Toll Brothers 1,780
2Q2014
Trumark/Brookfield
224
4Q2013
Unknown
873
4Q2014
Rancho Mission Viejo
862
2Q2015
Rancho Mission Viejo
941
ACTIVE
Lehman Holdings
318
4Q2015
Lehman Holdings
308
2Q2015
7,891
5
6
7
8
9
10
11
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10. Orange County
Job Above Historical Averages
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11. Orange County
Issuances Trending Upward
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12. Orange County
Job Growth Outperform Issuances
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13. Orange County
FHA Loan Limit Ceiling Drops
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14. Orange County
New Home Sales Near FHA Limits
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15. Orange County
New Home Prices Down
But, there are more affordable options
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16. Orange County
Affordability Climbs
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17. Orange County
Resale Market up 22%
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18. Orange County
Foreclosures a Non-Issue
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19. Orange County
Foreclosures a Non-Issue
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20. THANK YOU
Want more information? Find out how to get
timely housing, economic, and demographic
information for your market.
For questions, contact:
Jeff Meyers jmeyers@meyersllc.com
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23. THE END
© 2013 Zonda | Meyers Research LLC