RECENT LAND NEWS

Homebuilding Isn't Keeping Up With Growth, Development Group Says

April 16, 2018

America’s housing shortage is more wide-ranging than cloistered coastal markets, stretching from pricey locales such as California and Massachusetts to more surprising places, such as Arizona and Utah. 

Some 22 states and the District of Columbia have built too little housing to keep up with economic growth in the 15 years since 2000, resulting in a total shortage of 7.3 million units, according to research to be released Monday by an advocacy group for loosening building regulations.

California bears half of the blame for the shortage: The state built 3.4 million too few units to keep up with job, population and income growth.

U.S. New Home Sales Skyrocket 17.5% in November

December 22, 2017

Americans stepped up their purchases of new homes at the fastest pace in more than 25 years in November, with sales skyrocketing 17.5 percent amid robust demand and a continued shortage of existing homes on the market.

New home sales last month jumped to a seasonally adjusted annual rate of 733,000 units compared to 624,000 in October, the Commerce Department said Monday. That's the biggest monthly gain since January 1992 and the most homes sold in a month since July 2007, just months before the economic downturn.

The sharp upswing is a sign of the strong demand from would-be homebuyers amid the strengthening economy. Sales of new homes can be volatile on a monthly basis, but purchases have climbed 9.1% year-to-date and outstripped the increase in construction of single-family houses.

The inventory of existing homes on the market has steadily fallen on an annual basis, while new construction has been unable to keep up with sales that are on their best annual pace since 2007.

Facebook Plans To Triple its Investment in Los Lunas Data Center

November 14, 2017

Facebook is announcing that it plans to construct a total of six buildings at its billion-dollar data center in Los Lunas, tripling the company's original investment in the project. 

The addition of four more data center buildings to the two already announced represents more than a $1 billion total investment, the Menlo Park, California-based company said. The expansion will support thousands of jobs over the next few years, Gov. Susana Martinez's office said. Facebook had already previously announced it was building a second phase of the project.

Facebook Leader Explains Why NM Was Chosen For New Data Center

September 14, 2017

Tonjes said if Facebook builds all six buildings that could be part of its data center in Los Lunas over the next eight years, the company will have invested more money in data center construction here than what has been invested in Rio Rancho and Albuquerque over the last eight years for every type of construction project except for government projects.

How Facebook Impacts Los Lunas Real Estate Prices

August 10, 2017

Since Facebook announced last year that a new data center would be built in Los Lunas, there has been interest in what economic ripple effects the social media giant would have on the village. Now, businesspeople in Los Lunas are starting to see its impacts on real estate.

Los Lunas' Economic Development Manager Ralph Mims says he has seen prices for land increase and residential rental prices go up since the California-based company came to town.

The massive Facebook data center in Los Lunas is about to get even bigger

July 18, 2017

That's according to Facebook officials, who announced Tuesday the company's future New Mexico data center is expanding to include a second 460,000-square-foot building — bringing the center's total square footage to 980,000.

Land Ho, Inc. Summer Land Clearance Auction Happening Right Now

June 29, 2017

Land Ho, Inc. Press Release 

10 Rock-Solid Reasons Why You Should Be Investing In Land

June 16, 2017

The simplicity and stability that comes with owning the right piece of land (purchased at the right price) can far outweigh the myriad of problems that comes with any other type of real estate. If you've overlooked vacant land as a viable investment opportunity in the past, you need to take a few minutes and get educated about what land is all about!

How to Buy Land for the Cost of a Hunt Lease

June 09, 2017

The key to making this method work is simple: spread the cost of the land over a few people. The greatest challenge most people will have is finding 3-4 trustworthy friends that have the desire and means to partner up for a land purchase.

First-of-its-kind Technology Headed to Facebook Los Lunas Data Center

May 23, 2017

For the first time at one of its data centers, Facebook is debuting a high-capacity, underground fiber cable that will be part of the first $250 million phase of its Los Lunas data center set to open in 2018.

"When complete, this cable will stretch 200 miles and be one of the highest-capacity systems in the U.S.," said Facebook officials on the data center's Facebook page for the site Tuesday.

Thousands of Jobs Expected to Roll Into County via Rail Park

January 04, 2017

Out on the western edges of Los Lunas, the desert prairie of the San Clemente Land Grant holds the promise of thousands of jobs. Ground was broken by community leaders Dec. 28 for the incoming Central New Mexico Rail Park.

Ground broken for Central New Mexico Rail Park in Los Lunas

December 28, 2016

Ground has been broken for the Central New Mexico Rail Park in Los Lunas! The potential of the manufacturing jobs and the construction build-out, especially on the heels of Facebook and what it does for the construction economy here, will be a game-changer for the economy in central New Mexico.

Facebook Starts Hiring For Its New Los Lunas Data Center

November 08, 2016

If you have ever wanted to work for Facebook, now is your chance. The social media giant has posted its first jobs for its Los Lunas data center. The jobs posted are: site coordinator, regional logistics lead, facility operations manager, data center technical operations and site manager.

Facebook breaks ground in Los Lunas

October 11, 2016

Facebook has broken ground in New Mexico, and you DON'T want to miss the opportunity to be a part of it. The Los Lunas data center will bring hundreds of new construction jobs, dozens of long-term operations jobs, and hundreds of millions of dollars in new investments to New Mexico.

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