SALES OF NEW HOMES RISE 18%.Byline: Kathleen Sweeney Sweeney in poems by T. S. Eliot, symbolizes the sensual, brutal, and materialistic 20th-century man. [Br. Poetry, Benét, 978] See : Virility Staff Writer VALENCIA - An 18 percent increase of new home sales New Home Sales An economic indicator that measures sales of newly built homes. Released by the U.S. Department of Commerce's Census Bureau, it includes both quantity and price statistics. in Valencia last year is being credited by Newhall Land and Farming Co. to a greater selection. There were 419 new homes sold, compared with 355 the previous year, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the company's year-end report released Thursday. As of Dec. 31, there were 186 new homes in escrow escrow Instrument, such as a deed, money, or property, that constitutes evidence of obligations between two or more parties and is held by a third party. It is delivered by the third party only upon fulfillment of some condition. , nearly doubled from the previous year, and nine builders offering 16 different-style homes. ``It's continuing to look good,'' said Marlee Lauffer, Newhall Land spokeswoman. ``We continue to see strong traffic and lots of interest.'' The largest increase in home sales came during the summer and fall as model homes opened in the new Bridgeport community, she said. More are expected to open soon. Builders also will be developing the Copperhill, Woodlands and Village Walk communities, but the largest emphasis will be at Newhall's Westridge Golf Course communities. Lot sales to merchants are expected during the later part of this year and early next year, the report said. Lauffer said builders are now offering buyers homes ranging in price from $210,000 to $1.2 million and in size from 1,000 to 4,600 square feet. Despite the increase in home sales, Newhall anticipated a higher sale rate. But the report said building began to slow because of an over abundance Abundance See also Fertility. Amalthea’s horn horn of Zeus’s nurse-goat which became a cornucopia. [Gk. Myth.: Walsh Classical, 19] cornucopia conical receptacle which symbolizes abundance. [Rom. Myth. of high-priced product and softening softening /sof·ten·ing/ (sof´en-ing) malacia. softening a change of consistency, with loss of firmness or hardness. of the market. The year ended with Newhall Land's remaining two home-building joint ventures in Valencia closing escrow on 28 homes, which contributed to $5.7 million in revenues and $600,000 in income, the report said. The closings completed the sell-out Sell-Out When a broker or investor buying stocks has failed to settle the trade in a timely manner and, as a result, the broker can forcibly sell the securities on the investor's behalf. of the projects. CAPTION(S): photo Photo: Homes like these in the Bridgeport community were among those sold in last year. Newhall Land and Farming Co. credits selection with the increase in new home sales. Shaun Dyer/Special to the Daily News |
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