Election Gazette Briefs
It was a tough year for Southern California homebuilders.
As 2019 started, builders found themselves stuck with the largest inventory of unsold residences since the Great Recession. Rising interest rates and economic anxieties cooled house hunting, making the builders’ big bets on higher-priced homes a poor choice. So for much of the year, builders were forced to discount slow-selling homes while retooling plans to create lower-priced product.
Two new rankings of the nation’s fastest-selling “master-planned communities” — neighborhoods carved from large parcels of undeveloped…