Shea Homes Begins Construction on 32 New Homes

• San Diego New Home Builder Also Closing Escrow on 22 Homes This Week

SAN DIEGO (Dec. 17, 2009) – Shea Homes San Diego, buoyed by news of a nearly 9 percent increase in housing starts, has announced it will begin construction of 32 new homes in five San Diego neighborhoods this week. The San Diego new-home builder also announced 22 homes will close escrow this week.

According to news announced Dec. 16 by the U.S. Commerce Department, new residential construction permits rose 6.0 percent in November and housing starts increased 8.9 percent, in both cases exceeding market expectations. Permits have risen 17.3 percent above their low in April, and starts have advanced 19.8 percent above their April low point. These gains reflected increases in single-family activity, while multi-family starts have increased modestly.

“November was a promising month, our best this year, and it’s great to see December looking equally strong,” said Vanessa Linn, vice president of sales and marketing for Shea Homes San Diego. “The demand for homes is proving to be consistent, and we are prepared to meet that ongoing demand. There’s still a sense of urgency to take advantage of value pricing, low interest rates and tax credits.”

New home construction is now under way in five Shea Homes neighborhoods:

• Clover at Windingwalk in Chula Vista features two- and three-story condominium homes priced from the mid $300,000s. Clover floor plans range from approximately 1,579 to 1,891 square feet and have two to four bedrooms, two to three bathrooms and two-car garage. Call 619-397-0964 for information.

• Chaparral Ridge in Escondido is a single-family detached home neighborhood priced from the low $500,000s. The floor plans range from approximately 2,653 to 3,564 square feet and have three to five bedrooms, 3.5 to 4.5 bathrooms, and three- and four-car garages. Call 760-233-5769 for information.

• Mandolin at Del Sur in San Diego is a condominium community priced from the high $400,000s. The homes range from approximately 1,643 to 2,333 square feet and have two to five bedrooms, 2.5 to four bathrooms and two-car garages. For more information, call 858-832-1368.

• Estrella in San Miguel Ranch in Chula Vista features single-family homes on lots averaging 7,500 square feet. Priced from the high $500,000s, Estrella homes have approximately 3,132 to 3,811 square feet, four to six bedrooms, 3.5 to 4.5 bathrooms and two- and three-car garages. For information, call 619-267-2310.

• Sapphire at Windingwalk in Chula Vista is priced from the high $400,000s and offers floor plans spanning from approximately 2,606 to 3,046 square feet. Sapphire homes offer four to five bedrooms, three to four baths and two- and three-car tandem garages. For information, call 619-216-4531.

Among San Diego’s biggest builders, Shea Homes (http://www.SheaHomes.com) offer new homes ranging from affordably priced condominiums and townhomes to traditional single-family detached homes and magnificent luxury residences.

About Shea Homes

Shea Homes, an independent member of the Shea family of companies, recently ranked No.1 among San Diego County homebuilders, according to MarketPointe Realty Advisors. Honored in 2005 as one of “America’s Best Builders” by the National Association of Home Builders, and as “2007 Builder of the Year” by Professional Builder Magazine, Shea Homes is also investing in the future of children and communities across America by sponsoring a multi-faceted literacy awareness program that urges parents to “Read With Your Child 15 Minutes a Day.” For more information, please visit the company’s website at http://www.SheaHomes.com.

Shea Homes is located at 9990 Mesa Rim Road in San Diego. To contact Shea Homes, please call 858-526-6500.

Chula Vista Tree Lighting

It has been a few weeks now, but we are closer to the holiday time then most can imagine! 2009 is nearly over and 2010 is right around the corner. In Chula Vista, Mayor Cox and a large group led in the lighting of the tree at Otay Ranch Town Center - which is directly across from many new homes located in the community of WindingWalk.

WindingWalk is across the street from the mall and provides many options for new home buyers. If you haven't been following the market - now is a great time to stop by and learn about the incentives and the programs available. The rates are historically low and FHA and VA loans offer great rates - along with government tax credit programs - you can find a great new home in Chula Vista.

Get ready for 2010 and make your New Year's wish come true - take the next step in making the American dream a reality - because now is the time!

Chula Vista New Homes

If you haven't been down to Chula Vista recently - well you have missed what has developed into the second largest city in San Diego County. Chula Vista has grown into a brand new community offering new homes for every home buyer.

With malls, new schools, shopping centers and dining - we recommend visiting Chula Vista, CA. today to learn more. Historically low interest rates, low home prices, incentives, government tax rebates and more are just a few reasons to make NOW the time to BUY!

Learn more about New Homes Chula Vista today!