November 14, 2018

ROSEVILLE - A total of 250 new homes were sold during October in the greater Sacramento region, the North State Building Industry Association reported today. The sales were reported in 148 subdivisions in the six-county Greater Sacramento region from Marysville and Yuba City in the north to Galt in the south. In addition, 10,782 people visited active new-home communities last month.

BIA President and CEO Michael Strech said the sales and traffic figures are in line with a cyclical slow down that is typical for the fall.

" Home sales were down in October, but we expect to see a seasonal slow-down in the fall. Our members are reporting quality traffic which suggests that while the market may be leveling off, there are still plenty of homebuyers eager to find new homes. " Strech said.
Historic October Sales Review
The chart below offers a 10 year look-back on sales in the month of October.
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 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.
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 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 500 members, including 50,000 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.
North State BIA