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Manteca builders start 217 homes so far in ‘13

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POSTED September 7, 2013 1:35 a.m.

Manteca is on pace for the sixth straight year of 280 plus new homes being built.

Builders have finished or started 217 homes through the end of August.

Developers are convinced the market is picking up steam as site work is now underway on four new housing projects. It takes between four to six months to go for raw land to be turned into build-able lots.

New residential construction — the barometer of Manteca’s economic health since the start of the first building boom in the 1970s — dipped slightly in 2012.

There were 282 single family homes either built or started last year. That’s down from 313 in 2011. Overall —when the 152-unit Juniper Apartment complex is tossed into the mix — Manteca started 465 housing units in 2011

It is a far cry from the record year of 2002 when $191.1 million in new construction was built including 803 homes. The historical high for new homes was in 2000 when 1,074 were built.

Builders, though, see Manteca housing starts pushing the 500-mark in 2014.

That’s based on a tightening market in the Bay Area where demand is already outpacing building.

Manteca — excluding Del Webb at Woodbridge where the sales age restricted to those 55 and older — has just over 50 ready-to-build lots left. That’s a long way from 954 — the left over inventory from the building boom — that Manteca had available just 43 months ago.

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