www.thebizpress.com/news/stories/BP_News_Local_D_bp1001 -
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Published on: 10/1/2007
Last Visited: 10/1/2007
Shea Homes has about 375 multifamily units under construction at three Inland developments, two in Rancho Cucamonga and one in Chino, said Bob Yoder, Inland Empire division president for the Walnut-based company.
"At least 30% of the projects we're working on now [in Riverside and San Bernardino counties] are attached homes," said Yoder, who runs Shea Homes' Inland region office in Corona.
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"We're doing a lot of it now, and that number could get to 50% down the road," Yoder said."That would be quite a jump if it happens."
Officials with Shea Homes first considered building more condominiums and townhomes in the Inland region about two years ago, when the area's single-family housing market was at record levels.
"Single-family homes were always the emphasis, but there was a gap in the market for smaller housing that was more affordable," Yoder said.
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"Orange County started getting more multifamily housing about 10 years ago, and now that trend is moving into the Inland Empire, which was probably inevitable," Yoder said.
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"You can get families or older professionals, married or otherwise," Yoder said.
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