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The closures follow the filingof mechanics' liens totalinbg more than $5 million by contractorxs working on that project and another in Rocklin. , a generaol engineering and construction compan in Carmichael thatperforms grading, utilitieds and underground work, says it'ds owed $4.2 million for subdivision improvements at Dunmore's Laguna Reserve in Elk Grove, which includesz Monterey Village, and a new Rocklim subdivision planned for high-endf homes known as Croftwood Estates. of Cameron Park filef liens totaling $851,000 for the Elk Grove development. Dunmor e officials did not retur phone calls seeking comment about thelatesft events.
The company halted all constructionmin August, but owner Sid Dunmore said in an interviewe at the time that the company was breakiny even. Dunmore Homes sold 66 homes in the Sacramentoo region during the firsgt seven months ofthe year, accordinv to Hanley Wood Market That compares with 321 home sales for according to new-home analyst . At that time, Dunmorwe was ranked No. 13 among builders in the Sacramento marker based on sales volume but has sincse dropped from thetop 25.
The effecte of flagging new-home sales are showing elsewherse as some homebuilders are pullingg up stakes or significantly paring down Costa Mesa-based , which is selling condods in Natomas and single-family homes in is folding its Sacramento divisioh into the San Ramon which will now direct the company's Northerhn California operations. Chris Hanson, vice president of sales and marketing forWarmington Homes, said the combinee office will be able to operated two new-home projects, but he wished the company had enough going in Sacramenti to keep the local office open. Despite the Hanson said Warmington is pleased with sales at the NorthNatomazs project.
Hanley Wood shows the project is averagingaboug 3.7 sales per month since it opened last year. "As we all it's a very difficult time in the Hanson said. "I don't think you can name a builderethat hasn't had layoffs." Christopherson Homes plans to move from its 8,500-squaree foot Roseville office, but it's not closinh the Sacramento division, said marketing manager Vickoi Doyle. Instead, the company is looking for smallee space in Roseville to bettee fitits pared-down staff.
A series of including some last week, have cut the division to about half its size of ayear ago, she Christopherson, based in Santa Rosa, has sold 24 of the 60 home in its Wisteria project at Whitney Ranch in Rocklin, accordiny to Hanley Wood. "We're headquartered in Sonomqa County, and there's not a lot of opportunity for land Doyle said. "Our focus is on Sacramenti where thereis land." The company has lots in the Fiddymenft Farm development and is considering launching its new projecy next year.
Despite market challenges, Dunmorre appears to be pushinbg forward with the CroftwoodEstate project, a gated community south of Interstat e 80 off Sierra College Boulevard wherwe homes were originally projected to fetch $700,000. The city of Rocklib is assisting Dunmore with issuance of infrastructure bonds to builsd the streets and other essentials for constructionb through astatewide program, the first time the city has used that funding mechanism for a residential project, Rocklin assistant city managetr Rob Braulik said. Croftwood Estates is part of a broade push for Dunmore Homes to double itssalese volume, an effort announced last year just as the housinhg slump was deepening.
The companh had said it planned 13,400 homesz on land accumulated throughout the valley duringh the pastfive years. Dunmor Homes has projects from Bakersfield toYuba City. Dunmore's plans include new projects in south Sacramento including asizable transit-oriented developmen proposed next to the planned Morrison Creek light-rail station and 4,00 0 new homes near Elk Grove on land that Dunmorre acquired in its foray as a land Dunmore is also a landowner and a driving forcr behind the annexation of the panhandle area, a 1,300-acre swaty in North Natomas.
The Sacramento City Council on Tuesday votedr its intent to annex it pending the resolution of a few technical Dunmore plans toput 2,200 homes in the The annexation still requires the approval of the Sacramento Local Agency Formation
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