CORONA, CA: DEMAND FOR MULTIFAMILY SET TO EXCEED SUPPLY

MULTIFAMILY BUILDERS ENCOURAGED BY RAISING OCCUPANCY:

Last week, the Natioanl Association of Homebuilder's (NAHB) reported: - "The NAHB Multifamily Market Indices (MMI) show that current and expected demand for rental apartments improved significantly in the second quarter of 2010 compared to the first quarter. The current indexes for Class A, Class B and Class C apartments rose to 59.5, 57.6 and 56.6, respectively, increases of more than 15 points when compared to the first quarter and the highest level since 2007. Builders' expectations for demand in the next six months increased to similar levels."

This is very important in terms as relative strength in Corona as measures or attempts to predict the future in a given market sector. The NAHB went on to explain: "The MMI measures multifamily builder sentiment based on production and occupancy at the current time, as well as builders' expectations for conditions over the next six months. An index number greater than 50 indicates that the number of builders who view conditions as getting stronger outnumber those who view conditions as becoming weaker."

In looking at all factors, the NAHB went on to conclude that: "It is possible that the supply of new units will not arrive in time to meet the emerging demand and some shortages will occur in some markets. Even in robust production years, it is only possible to increase the stock of rental units by a relatively small percentage through new construction." This in turn would suggest that many markets in Southern California, are have been less impacted by the downturn in the economy are ripe for new construction to begin NOW.

It's impossible to predict the future, but we are seeing new construction of single-family homes in Corona and demand for housing units remains strong. The City of Corona has reported in the press that new construction for Industrial and reuse of existing Industrial/Manufacturing is underway and creating new jobs. In fact, Corona reported over 1,300 new jobs in Q1 of 2010 alone. This again would suggest Corona is ripe for new workforce housing, multifamily housing and traditional detached single family homes.

If you are interested in a unique development opportunity in the beautiful and award winning Dos Lagos master-planned community in Corona, please visit this project web site: www.DosLagosLand.com Come see why Corona is different and on the move in the Inland Empire!

Kym Talbert, Keller Williams Realty: Excellent Service - Excellent Results

951-316-1941 or mailto:KymTalbert@aol.com