First American Homebuilder in Northern California Blog

From the article: A 21-story residential tower is marching toward reality in Downtown San Jose. KT Properties Inc. and Essex Property Trust filed a site development permit Oct. 15 for a 285-unit, 261,000-square foot mixed-use apartment building located at 1 South Market, according to public records. In July, the Business Journal reported that KT...

From the article:The owner of iconic Pete’s Harbor in Redwood City will ask the Planning Commission to approve permits allowing developers to convert the floating community into a 411-unit waterfront housing complex that could uproot the boat-dwelling tenants who call the marina home. Developer Paul Powers of RWC Harbor Communities is asking for a...

Single-family home prices continued to jump in the Bay Area in September, with the numbers suggesting the "move-up" buyer is back, the latest sign of the market's strength.

From the article:In the San Francisco, CA market in July, new home closings increased year-over-year, and the percentage lift was higher than June 2012, implying the market may be improving. There was a 42.5% climb in new home closings from a year earlier. This came after a 24.2% jump year-over-year in June. A total of 2,983 new homes were sold...

From the article:Here’s a number that spells opportunity to developers and investors: 360,000. That’s the number of new jobs San Jose will add by 2035, according to the Association of Bay Area Governments. And it’s one reason — along with better access to capital — that developers are finally pulling the trigger on residential projects again....

From the article:KB Home is kick-starting construction plans for Communication Hill, perhaps the largest chunk of undeveloped land zoned for housing in San Jose. The homebuilder is under contract with longtime owner MTA Properties to purchase more than 300 acres on the hill in south San Jose, where it hopes to build up to 2,000 units on roughly 75...