December 18, 2017

NORTH STATE BIA RELEASES NOVEMBER SALES NUMBERS

ROSEVILLE - The regional homebuilding industry recorded 303 sales from 151 reporting projects during the month of November.

"With just a month of sales left to report for 2017, we have reached 4,625 sales for the year, an increase of more than 400 over 2016's finally tally of 4,208," said Andy Davidson, the BIA Chair and President of Construction with Anton Development Company. "We anticipate another solid month once December's numbers are recorded and expect a year over year increase of roughly 600-700 sales. All in all, we will close out another good year for our industry, but with the caveat that we have a long way to go before we come close to meeting the region's housing needs."

November Historical Sales
Since 2007, sales during the month of November have been somewhat inconsistent, but generally trending up.
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 November.
Price Point Data
As part of its monthly sales analysis, the North State BIA also records the price points for new homes sold. The November 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 November 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