Welcome to today’s roundup of news in the Real Estate category. In the housing market, Landsea Homes has closed on 44 homesites for a new community called Mason in Anaheim, California. The development is already underway and will offer three-story townhomes with various floorplans and high-performance features. Meanwhile, a report from the California Policy Lab examines CalFresh eligibility among college students, shedding light on the barriers they face in enrolling and staying enrolled in the program. Additionally, Zillow’s list of “million-dollar cities” in California has expanded, highlighting the rising home prices in previously affordable communities. Join us as we explore these stories and more in today’s Real Estate news.
LANDSEA HOMES CLOSES ON 44 HOMESITES FOR A NEW COMMUNITY IN ANAHEIM, CA
Landsea Homes Corporation, a publicly traded residential homebuilder, has announced the closing of 44 homesites for a new community called Mason in Anaheim, California. The development is already underway, with sales expected to begin later this year.
Mason will feature three-story townhomes with four different floorplans ranging from 772 square feet to 2,007 square feet, offering options for two to four bedrooms. Residents will enjoy common area amenities, including a neighborhood park with bar counter, picnic tables, and a lounge area.
All homes at Mason will be equipped with Landsea Homes’ High Performance Home features, including smart home automation technology integrated with Apple HomeKit™. The homes will also incorporate REME HALO® air purifiers to ensure clean and healthy living environments.
Buyers will have the opportunity to customize their spaces through Landsea Homes’ LiveFlex™ program, allowing for flexible living arrangements tailored to individual lifestyles.
Anaheim, known for its attractions such as Disneyland Resort and the Anaheim Convention Center, provides an ideal location for Mason. Landsea Homes aims to offer high-quality, modern living at an attainable price point in this vibrant city.
How Many People Work in Residential Construction in Your State? | NAHB
According to the latest American Community Survey, there were 11.2 million people working in construction in 2022, with 4.7 million of them employed in residential construction. California had the highest number of residential construction workers, with over 650,000 individuals, accounting for 3.4% of the state’s employed labor force.
States with a high prevalence of seasonal and vacation homes, such as Idaho, Utah, and Montana, had the highest share of residential construction workers, ranging from 4.8% to 5.9%. Florida, known for its population growth, had a share of 4.4%, down from its peak in 2006 at 6.5%.
NAHB’s analysis also identified congressional districts with significant employment levels and shares of local jobs in home building. For example, Idaho’s 1st Congressional District had over 29,000 residents working in residential construction.
Should California Double Down on Building Tiny Homes for People Experiencing Homelessness? | KQED
As cities in California grapple with unsheltered homelessness, tiny homes have emerged as a potential solution. San José has embraced this approach, offering individual accommodations in colorful shipping container-like buildings with amenities like private bathrooms and communal kitchens. However, the outcomes of these tiny home communities vary, and critics argue that they may not address the root causes of homelessness. Despite the mixed results, lawmakers are considering a proposed state law to expedite the construction of tiny home villages. The debate continues as California seeks effective strategies to combat homelessness.
Affordable No More: 15 Communities Added to California’s ‘Million-Dollar Cities’ List | California City News
Fifteen communities in California have recently joined Zillow’s list of “million-dollar cities,” where the median home price exceeds $1 million. These communities, including Bonita, Tustin, Brea, and San Gabriel, were once known for their affordability but have now become part of the growing trend of rising home prices. Most of these cities are located along the coast, although some exceptions exist. The increasing home prices have outpaced salary growth, with homes now worth 5.6 times more than the median household income nationwide. This disparity poses challenges for potential homebuyers.
Filling the Gap: CalFresh Eligibility Among University of California and California Community College Students – California Policy Lab
A new report from the California Policy Lab examines the eligibility and participation rates of college students in CalFresh, California’s version of the Supplemental Nutrition Assistance Program (SNAP). The report provides insights into the number of eligible students and the barriers they face in enrolling and staying enrolled in the program. Key findings include variations in eligibility rates between community college and UC students, differences in take-up rates among eligible students, and the impact of housing status on eligibility. The report aims to inform policymakers and advocates working to improve CalFresh access for college students.