South Bay Housing Demand Outweighs Supply

PLAYA VISTA, CA—KB Homes strategically focuses on coastal, land-constrained regions for residential development, according to Craig LeMessurier, KB Homes senior director of communications. In an earlier story, GlobeSt.com reported that KB Homes unveiled two new communities in Playa Vista, the Asher, a community with 36 three-story, detached homes, and the Skylar, a 93-unit condominium complex.

KB Homes has been targeting the Playa Vista submarket because of the demand for new housing. “KB Home has been successfully transitioning our California footprint to stronger coastal locations,” LeMessurier tells GlobeSt.com. “The company has a strong pipeline of new communities that have recently opened, or are slated to open later this year, in coastal markets from the Bay Area to Los Angeles, Orange County and San Diego. These land-constrained areas, like Playa Vista, are close to employment centers where demand for new housing outweighs supply.”