ROSEVILLE - A total of 463 new homes were sold during the month of April in the greater Sacramento region, the North State Building Industry Association reported today. The sales were reported in 144 subdivisions in the six-county Greater Sacramento region from Marysville and Yuba City in the north to Galt in the south. In addition, 10,793 people visited active new-home communities last month.
BIA President and CEO Michael Strech has confidence in the continued strength in new home sales around the region.
"In 2019, new home sales are slightly ahead of the first four months of last year." Strech continued, "There is a lot of variety available in the market currently, low interest rates should continue and Sacramento is seeing a lot of growth from other areas, especially the Bay Area. With these favorable conditions, we are confident that our industry will be strong looking forward into Summer."
Historic April Sales Review
The chart below offers a 10 year look-back on sales in the month of April.
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 April.
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 price points for new home sales can be seen in the chart below.
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.
About the North State BIA: The North State BIA is the leading advocate for the home building industry in the greater Sacramento region. Representing more than 530 members, including 55,000 industry jobs, the North State BIA is committed to preserving and furthering the economic interests of its members, while also working to enhance the industry's standing as a significant contributor to the regional economy.