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Home Building To Top 1 Billion |
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FRONTPAGE_NO_TRANSLATION_AVAILABLE
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ANN WISHART, Valley
Press Business Editor
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Valley homebuilding could hit $1
billion
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AV permits up 70%, value up 71%!
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LANCASTER
- The Antelope Valley is
likely to see as much as $1 billion worth of homes built by the end of 2005.
If the value of residential building permits issued in cities and the
unincorporated areas continues to grow at the current rate - $228 million in
the first quarter of 2005 - the housing industry in the Valley could hit the
mark. The number of building permits issued across the Valley is up nearly
70% with the value of those permits up more than 71%.
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Gretchen Gutierrez,
director of the Antelope Valley chapter of the Building Industry Association,
thinks that given good weather and resolution on water supply issues, the $1
billion target is possible. "They haven't even started Ritter Ranch
construction yet, and they expect to close houses this year," she said,
referring to the 7,300-home master-planned community that broke ground in
April west of Palmdale. "Permits ultimately will show up. Right now,
Anaverde is driving the west end of Palmdale." Anaverde is another
master-planned community under construction south of Ritter Ranch.
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Valley
housing permit data:
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Home building permits issued in AV
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Location
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Jan.-March
'05
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Jan.-March
'04
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%
Change
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Palmdale
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445
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235
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89.4%
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Lancaster
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525
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339
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54.9%
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Uninc. AV
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150
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86
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74.4%
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Total AV
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1,120
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660
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69.7%
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-
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Valley
housing permit data:
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Value of home building issued in AV
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Location
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Jan.-March
'05
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Jan.-March
'04
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%
Change
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Palmdale
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$101,156
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$44,975
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124.9%
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Lancaster
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$97,565
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$65,447
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49.1%
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Uninc. AV
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$29,293
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$22,341
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31.1%
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Total AV
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$228,014
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$132,763
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71.7%
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