July 17, 2017

HOMEBUILDERS WRAP UP SOLID FIRST HALF OF 2017

ROSEVILLE - The North State BIA issued its latest sales report, with homebuilders completing 386 sales from 151 communities reporting during the month of June. And w ith June's numbers in, the industry has tallied 2,839 sales in the first six months of the year, putting it on pace to improve on 2016's total haul of 4,208 sales.

"We're thrilled to see yet another good month in the books for our industry,"  said Andy Davidson, the BIA Chair and VP of Construction with Anton Development Company. "Several good months this year have now put us in a position to significantly improve on our overall sales numbers from last year. The bottom line is that its a great time to buy, with such an array of housing options and prices available to consumers throughout the region."
Historic June Sales
Year over year, sales increased by just over 90 in June, as homebuilders finished with their best sales for this month in a decade.
Mid-Year Sales Numbers Solid
Half way through the year and the industry has logged its best six month sales total in a decade.
New Home Sales by Region  
The North State BIA's monthly New Home Sales Report is compiled through a collaborative effort between association staff and homebuilders, who provide weekly reports based on escrow closings. The chart below breaks down regional sales for June 2017.
Price Point Data
As part of its monthly sales analysis, the North State BIA also records the price points for new homes sold. The June 2017 price points for new home sales can be seen in the chart below.
BIA Data Note
The North State BIA's sales figures represent the majority of production homebuilders in the greater Sacramento region.

Regional Permit Data
The California Homebuilding Foundation's (CHF)  Construction Industry Research Board (CIRB) regional permit data for June can be viewed here.

Permit totals are subject to change due to post-reported County/City activity and/or post-adjusted data submitted to CIRB by the reporting municipality. CIRB statistics are formally published at the end of the month in the California Construction Review (CCR) report. Please contact (916) 340-3346 or CHF-CIRB@mychf.org for additional information.
North State BIA