May 17, 2017

HOMEBUILDERS LOG ANOTHER SOLID MONTH OF SALES

ROSEVILLE - The North State BIA released its latest sales report, with homebuilders recording 449 sales from 139 communities reporting in April.

"We're pleased to see another very good month of sales in the books,"  said Andy Davidson, the BIA Chair and VP of Construction with Anton Development Company. "As of right now, we're on pace for our best overall sales year in about a decade. The next two to three months will be crucial for us as we work to sustain, and improve, our sales numbers over the summer months, which can be a challenge. But there's no doubt that our industry is in the midst of a very good period of growth."
Strong April Sales 
Year over year, sales dropped ever so slightly from last April, but April sales for both 2016 and 2017 stack up extremely favorably when compared to previous years.
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 April 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 April 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 April 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