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58 new homes started in August

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58 new homes started in August

A new subdivision is underway along South Main Street north of Sedan Avenue.

HIME ROMERO/The Bulletin/


POSTED September 13, 2017 12:50 a.m.

Manteca builders started 58 homes in August — including four model homes — bringing the total so far for 2017 to 373 single family homes.
August was the best month for housing starts in Manteca since 2006.
There is no sign on the horizon that housing demand will let up soon. There were 31 single family homes in the review process at city hall at the end of August. Typically those homes and more submitted in the early part of September will be issued permits this month.
In additional builders report waiting lists of prospective buyers that — if no one were added to them today — it would take upwards of 18 months to start homes to meet the demand.
 Manteca is on pace to top 500 new single family home starts this year. If that happens this will be the best year for new home construct since 2006 when 549 new homes were built. Overall when apartments are added to the mix, Manteca will eclipse the 700 mark for housing starts by Dec. 31.
Site work has started for 164 apartment units on the northeast corner of Van Ryn Avenue and Atherton Drive. The complex known as Tesoro Apartments are expected to be completed by mid-2018. Permits for the construction of the buildings housing the apartments are expected to be issued in the coming months.
That is in addition to two smaller apartment complex projects now being built — the 8-unit Villa Capri apartments in the 200 block of North Fremont where it T-intersects with Pine Street between Center and Fir streets — and 19 apartments being added to the Vista Verde complex on Eastwood Avenue.
Overall, Manteca has issued 1,041 building permits during the first nine months of the year with a construction value of $154.3 million. Construction value reflects the cost to build a home, a structure, and other improvements as opposed to the market value.
The biggest permit so far was for the 404,000-square-foot shell for the 5.11 Tactical distribution center being built at Airport Way and Roth Road in northwest Manteca. The permit was for work valued at $29.3 million.

To contact Dennis Wyatt, email dwyatt@mantecabulletin.com

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