November 15, 2017

NORTH STATE BIA ISSUES OCTOBER SALES REPORT

ROSEVILLE - The regional homebuilding industry saw its collective October sales increase by 120 over September's 331 sales, with the finally tally for the month coming in at 451 sales with 150 communities reporting.

"The last couple of months have been solid, but not spectacular for our industry. The good new is,  October's sales haul puts us back on track to finish out the year strongly"  said Andy Davidson, the BIA Chair and President of Construction with Anton Development Company. "In fact, with this latest batch of sales in the books, we have already exceeded last year's total sales of 4,208 and will look to build on the 4,322 sales we've already recorded in 2017."

10 Year Look at October Sales
This represents the best sales accumulated by the industry for the month of October since 2007.
New Home Sales by Region  
The North State BIA's monthly 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 October.
Price Point Data
As part of its monthly sales analysis, the North State BIA also records the price points for new homes sold. The October 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 October 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