Allen Matkins Real Estate Development Law Update: Jeff Meyers

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

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Allen Matkins Real Estate Development Law Update: Jeff Meyers

  1. 1. Allen Matkins Real Estate Development Law Update February 2014 February 2014
  2. 2. California
  3. 3. Orange County Jobs Above Historical Averages © 2013 Zonda | Meyers Research LLC
  4. 4. Orange County Permits Below Peak © 2013 Zonda | Meyers Research LLC
  5. 5. Orange County Jobs Outpace Permit Activity © 2013 Zonda | Meyers Research LLC
  6. 6. Orange County Sales Activity Tapers © 2013 Zonda | Meyers Research LLC
  7. 7. Orange County Affordability Drops…but still good © 2013 Zonda | Meyers Research LLC
  8. 8. Orange County
  9. 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 © 2013 Zonda | Meyers Research LLC
  10. 10. Orange County Job Above Historical Averages © 2013 Zonda | Meyers Research LLC
  11. 11. Orange County Issuances Trending Upward © 2013 Zonda | Meyers Research LLC
  12. 12. Orange County Job Growth Outperform Issuances © 2013 Zonda | Meyers Research LLC
  13. 13. Orange County FHA Loan Limit Ceiling Drops © 2013 Zonda | Meyers Research LLC
  14. 14. Orange County New Home Sales Near FHA Limits © 2013 Zonda | Meyers Research LLC
  15. 15. Orange County New Home Prices Down But, there are more affordable options © 2013 Zonda | Meyers Research LLC
  16. 16. Orange County Affordability Climbs © 2013 Zonda | Meyers Research LLC
  17. 17. Orange County Resale Market up 22% © 2013 Zonda | Meyers Research LLC
  18. 18. Orange County Foreclosures a Non-Issue © 2013 Zonda | Meyers Research LLC
  19. 19. Orange County Foreclosures a Non-Issue © 2013 Zonda | Meyers Research LLC
  20. 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 © 2013 Zonda | Meyers Research LLC
  21. 21. FOLLOW US Stay in touch! Twitter @meyersllc Facebook http://on.fb.me/15wBGsD LinkedIn http://linkd.in/15SClI6 Newsletter http://bit.ly/17R1S2c © 2013 Zonda | Meyers Research LLC
  22. 22. THE END © 2013 Zonda | Meyers Research LLC

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