FOR IMMEDIATE RELEASE 11/19/19
North State BIA's Strong Sales Numbers Continue into October
Roseville, November 19, 2019 - The North State BIA President and CEO, Michael Strech, anticipates a strong sales finish for this year after seeing October's numbers. "October was the sixth straight month of the sales numbers that were last seen in 2006 or 2007. The North State BIA members have already surpassed the total number of sales in 2018 and we are expecting strong numbers to finish the year."

Strech continued, "This information is coming out less than a week after our Regional Housing Forecast where local market researchers expressed their anticipation for another year of steady growth in 2020. Our members are staying focused and working hard to build the badly-needed homes around the Sacramento region." 

A total of 473 new homes were sold during the five-week month of October. The sales were reported in 164 subdivisions in the six-county Greater Sacramento region from Marysville and Yuba City in the north to Galt in the south. In addition, 13,828 people visited active new-home communities last month.
Historic October Sales Review
The chart below offers a 10 year look-back on sales in the month of October. 
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 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 Permitting Data
The California Homebuilding Foundation's (CHF)  Construction Industry Research Board (CIRB)  regional permit data for October.
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 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: Morgan@northstatebia.org
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