Summary
With home prices generally lower than in Los Angeles, an abundance of available land and a growing population, the Inland Empire has for the past few years been a kind of developer's paradise.
But the faltering housing market is having a powerful effect on some of the area's most anticipated projects.See the full content of this document
Extract
House Arrest
Local housing starts were down 45 percent for the first eight months of the year compared to the same period in 2006, and several housing developments are either going by the wayside or slowing their pace.
"The decline in the market is across the board," said Steve Johnson, Southern California director of the market-research firm Metrostudy.Many projects have stalled because o...See the full content of this document
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