The Construction Industry Research Board says Orange County permits for single-family homes dropped

Neoclassical architecture of Palladian style is reflected in the pool of the Murano neighborhood apartment homes the Irvine Company has built in Cypress replacement parts for 1956 aljo travel trailer Village. The triangular shaped pediment containing a medallion is a signature of all four neighborhoods of Cypress Village. JEBB HARRIS, THE ORANGE COUNTY REGISTER MORE PHOTOS
For example, Orange County's biggest landlords asked for an average rent of $1,578 a month last quarter -- a three-year high, according to market tracker RealFacts. This rent marker is up $72 -- or 4.7 percent -- in a year to the highest since the first quarter of 2009, by this math.
And that's got landlords back in the building business. According to apartment tracker Axiometrics, Orange County developers filed for 2,845 units of multi-family housing in the year ended in March. If that pace is kept for the year, 2012 will still be the busiest year for apartment construction since 2007.
Orange County's biggest complexes were 94.8 percent full vs. 95.1 percent in the previous quarter and 95 percent in the year-ago period, RealFacts says. Industry executives consider 95 percent occupancy essentially full, accounting for the normal in-and-out moves of renters and their own needs to keep a supply of product ready to rent.
Rents have risen for five consecutive replacement parts for 1956 aljo travel trailer quarters, as measured by RealFacts' survey of larger landlords replacement parts for 1956 aljo travel trailer who control 128,000 units in Orange County, or about a third of all rental units. Local rents by this measure fell year-over-year in the eight quarters of 2009 and 2010.
Hikes are widespread. All 23 Orange County cities included replacement parts for 1956 aljo travel trailer in the RealFacts survey of large apartment complexes had rent hikes last quarter the first time rent went up across the board in at least two years.
Irvine's replacement parts for 1956 aljo travel trailer average rent increased replacement parts for 1956 aljo travel trailer $126 a month biggest dollar rise in the county -- from the first quarter of 2011, rising to an average asking rent of $1,911. That's up 7.1 percent from a year ago, the second-highest percentage gain.
Lake Forest had the second-highest hike in apartment rents in dollars replacement parts for 1956 aljo travel trailer and the biggest gain in percentage. Lake Forest apartment rents increased by $124 a month, rising to $1,557. replacement parts for 1956 aljo travel trailer That's an increase of 8.7 percent.
Cypress, on the other hand, had the most stable replacement parts for 1956 aljo travel trailer large-complex rents: The average monthly rent there increased $12 a month from a year ago. That's an increase of 0.9 percent, the smallest percentage gain.
The average first-quarter rent for those units was $2,221 a month, up from $2,084 a month in the first three months of 2011. These units are popular with a growing number of families who are choosing to or being forced to rent vs. own.
Note: Rents for a one-bedroom, one-bathroom unit -- the most common apartment type in Orange County's large complexes was $1,355 in the first quarter, up 4.6 percent in a year. These apartments make up roughly 40 percent of all large-complex units.
The village includes 1,677 apartment homes just north of the I-5 at Jeffrey Road with rents ranging from $1,478 to $2,791. While the complex is not yet complete, Irvine Co. says 455 Cypress Village apartments are currently replacement parts for 1956 aljo travel trailer available for lease. Since opening in April, replacement parts for 1956 aljo travel trailer 264 units have been leased ahead of the landlord's plan and 180 are occupied.
replacement parts for 1956 aljo travel trailer "Cypress Village is the largest apartment community to open in Orange County since the recession," said Kevin Baldridge, executive vice president of Irvine Company Apartment Communities. "We are experiencing strong demand replacement parts for 1956 aljo travel trailer for rental housing and believe it will continue for at least another 24 months."
According to apartment tracker Axiometrics, Orange County replacement parts for 1956 aljo travel trailer developers are building apartments at a modest development pace. Local landlords' 2,845 permits replacement parts for 1956 aljo travel trailer on the past year are slightly below the 2,914 average seen since 1992.
Axiometrics notes that of local units permitted at big complexes, builders have broken ground on about 1,600 new apartments; that another 1,600 new units are completed and being leased up; and 20 projects with another 4,500 units that are in planning stages.
The Construction Industry Research Board says Orange County permits for single-family homes dropped 14.3 percent during the first quarter to 413 new units. That's the second highest number for the period since 2007 but way below the first-quarter average of 914 set during the previous 25 years.
That April gain is just under the 5.4 percent rent gain found by Axiometrics replacement parts for 1956 aljo travel trailer last year -- and a 4.9 percent rate of gain seen in the first quarter. Axiometrics projects Orange County rents to rise 5 percent this year; 5.8 percent next year and 5 percent in 2014.
"While so far it has been largely concentrated in the urban core, we are beginning to see construction activity replacement parts for 1956 aljo travel trailer spread beyond the urban core in several markets. While accelerating, new apartment construction will only add 0.7 percent to overall inventory replacement parts for 1956 aljo travel trailer in 2012 and 0.9 percent in 2013, which is still below the long-term historical average."
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