North State BIA's President and CEO is encouraged by strong third quarter sales.
Roseville, October 16, 2019 - The North State BIA President and CEO, Michael Strech, anticipates a steady growth for home sales this year. "The second and third quarter saw a definite up swing in sales. While our numbers are encouraging, the best in several years, it is critical to keep in mind that we are significantly behind in producing the amount of housing needed for a balanced market."

Strech continued, "Sacramento is in a healthy market, that is evident by the steady, continued growth this year, but we need to keep local and state officials to continue focusing on housing as a priority. Creating a positive environment for homeownership is imperative." 

A total of 363 new homes were sold during the month of September. The sales were reported in 162 subdivisions in the six-county Greater Sacramento region from Marysville and Yuba City in the north to Galt in the south. In addition, 11,740 people visited active new-home communities last month.
Historic September Sales Review
The chart below offers a 10 year look-back on sales in the month of September. 
New Home Sales by County
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 August.  
Price Point Data
As part of its monthly sales analysis, the North State BIA also records the price points for new homes sold. The August price points for new home sales can be seen in the chart below. 
Regional Permitting Data
The California Homebuilding Foundation's (CHF)  Construction Industry Research Board (CIRB)  regional permit data for September.
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  [email protected]  for additional information.
About North State Building Industry Association
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.

Media Contact:

Morgan Davis
Communications and Engagement Manager
Phone: 530.613.2076
Email address: [email protected]