SOURCE: Trumark Group of Companies

November 28, 2011 13:41 ET

Trumark Homes Sets Record; Sells More Than Half of Granada Hills Homes

Single-Family Homebuilder Sells Nine Homes in 10 Weeks

GRANADA HILLS, CA--(Marketwire - Nov 28, 2011) - Trumark Homes announced today that it has sold 48 homes out of 82 at the gated community called "High Lights" in Granada Hills, Calif.

Over the past 10 weeks, Trumark has sold nine homes in the new neighborhood overlooking the San Fernando Valley, reflecting the recent rise in sales of new and used homes in California. The number of home sales in October rose 4.3 percent from October 2010, according to DataQuick, a San Diego real estate information service.

"As we move into 2012, we will continue to see the housing market improve," said Michael Maples, principal of Trumark Homes. "Even though we still have challenges in regards to the high number of foreclosures, the difficulties of obtaining construction financing and the restrictive lending environment, we are confident conditions will slowly recover next year."

Trumark isn't the only builder expecting the market to improve over time. According to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released in November, builder confidence in the market for newly built, single-family homes rose by three points to 20. This gain builds on a revised three-point increase in October, and brings the confidence gauge to its highest level since May of 2010.

High Lights is located on the corner of Odyssey Drive and Blucher Avenue in Granada Hills, Calif. The two- to three-story townhomes are being offered in six different floor plans: 13 townhomes at 1,112 sq. ft.; 34 townhomes at 1,230 sq. ft.; eight townhomes at 1,326 sq. ft.; 14 townhomes at 1,412 sq. ft.; six townhomes at 1,604 sq. ft. and six townhomes at 1,659 sq. ft. For more information, please visit www.liveathighlights.com.

About Trumark Homes

Trumark Homes is a new generation homebuilder that is nimble, focused and unburdened by broken projects of the past. Since May of 2009, Trumark has raised more than $95 million of equity and closed nine deals. Its pipeline exceeds 1,800 lots in core urban areas of California, representing more than $900 million in future revenue. www.trumark-co.com

Contact Information