The new housing is making a resurgence in the Orange County area. In 2012, the number of new home neighborhoods with sales of fifty homes or greater was twenty-two. That same number was only 3, in 2011, which is 86% increase. According to MarketPointe, a San Diego research company, that studies new home trends, they found that the inventory of new homes fell 46% between 2011 and 2012. With a correction to this inventory number, the sales of new homes would grow even faster. Many builders are going back to work, so supply will be on the increase. New homes sales are increasing in part because of low interest rates, a healing economy, an increase in consumer confidence and growing number of buyers. Scott Lourie, the COO and president of Olson Homes observed a rebound in the beginning of June of 2012. Olson Homes built a new townhouse community of twelve residences in La Palma, which sold out in one week. The future is looking bright for further growth in Orange County; the Tustin Legacy project of 375 homes is scheduled to start building in January of 2014. A larger neighborhood of 2,379 residences will begin construction in January of 2014.