April 16, 2018

NORTH STATE BIA POSTS MARCH SALES NUMBERS

ROSEVILLE -    The North State BIA released its March sales data, which showed the regional homebuilding industry recorded 437 sales from 138 communities reporting for the month. Sales increased from February's 376 sales while the number of communities reporting dropped from 147.
 
"The sales figures for March were a nice rebound from February's sales numbers and clearly interest in buying new homes during the first quarter remains strong ," said Rachel Bardis, the BIA's 2018 Chair and Principal with Bardis Homes.  "The spring buying season is clearly under way and prospective homebuyers have a wide range of homes and product types to choose from."

Historic March Sales Review
The chart below offers a 10 year look-back on sales in the month of March.
New Home Sales by Region  
The North State BIA's sales report is compiled through a collaborative effort between association staff and homebuilders, who provide regular reports based on escrow closings. The chart below breaks down regional sales for March.
Price Point Data
As part of its monthly sales analysis, the North State BIA also records the price points for new homes sold. The March price points for new home sales can be seen in the chart below.
Regional Permit Data
The California Homebuilding Foundation's (CHF)  Construction Industry Research Board (CIRB) regional permit data for March 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