Lennar has announced that it will halt sales and production of the Mosaic and Patina homes for an indefinite time period in its Valencia West Hills development in Santa Clarita. Patina homes in adjacent Valencia West Creek will continue to be sold and constructed. Buyers who had signed purchase agreements with Lennar for the West Hills Mosaic and Patina homes have apparently had their deposits returned to them. According to a Lennar salesman, the production and sales hold is expected to be for at least six months. Many potential buyers were waiting for future phases of the Mosaic and Patina homes in Valencia West Hills to be released, since the earlier phases had the smallest lots. With the production moratorium for these homes predicted to be at least six months, it's likely that these homebuyers will turn to the resale market instead. Townhomes in the Valencia West Creek area are continuing to sell, and many have been sold with move-in dates as late as May, 2008. The slowest townhome sales are for the Artenati homes, which is likely due to their location adjacent to the Albertson's shopping center and and Copper Hill Drive. Remaining homes in the Valencia West Hills and Valencia West Creek developments are being sold at a discount and with many attractive incentives, including significant buy-downs of the buyer's interest rate for qualified buyers. If you're thinking of buying new construction, be sure to read our Tips for Buying New Construction, and never, never go to a builder's sales office without bringing your Realtor along for your first visit! Santa Clarita Realtor Linda Slocum specializes in new construction, and will help you negotiate the best deals with the builders. Call her at 661.670.0349 or send her an email! | 
