February 16, 2018

NORTH STATE BIA RELEASES JANUARY SALES FIGURES

ROSEVILLE - The North State BIA issued its first sales report of 2018, with the regional homebuilding industry recording 457 sales from 148 communities reporting.
 
"We are off to a strong start for 2018," said Rachel Bardis, the BIA's 2018 Chair and Principal with Bardis Homes.  "Year over year, we came in at slightly higher than the January 2017 sales total of 442, but looking even further back, its clear just how far our industry has come since the recession . Of course, one month does not provide enough insight into how 2018 will play out, but I'm confident this is a sign of more good monthly sales numbers on the horizon."

Historic January Sales Review
The chart below offers a 10 year look-back on sales in the month of January.
Number of Communities Reporting Growing
The number of communities actively reporting sales has been on a gradually improving trajectory since 2013 and also points to an increase in consumer choice of available housing products.
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 January.
Price Point Data
As part of its monthly sales analysis, the North State BIA also records the price points for new homes sold. The January 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 January 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