ROSEVILLE - The North State Building Industry Association's members have hit sales numbers higher than any June in the past 12 years. Michael Strech, President and CEO of the North State BIA is encouraged, but maintaining focus on the issue still at hand. "California is in a severe housing crisis, and while we can celebrate the small victories, we are also acutely aware that there is so much more to be done. The only way to solve the housing crisis is to make a variety of housing options available which is the goal of the members at the North State BIA."
Strech says that new home sales are heading back to pre-recession numbers.
"We have not seen June sales this high since 2007." Strech continued, "In addition to the high sales, there are currently 156 new home communities open in the Sacramento region which is the highest community count during June in more than ten years."
A total of 466 new homes were sold during the month of June, the North State Building Industry Association reported today. The sales were reported in 156 subdivisions in the six-county Greater Sacramento region from Marysville and Yuba City in the north to Galt in the south. In addition, 13,773 people visited active new-home communities last month.
Historic June Sales Review
The chart below offers a 10 year look-back on sales in the month of June. June 2019 numbers are nearly 80 sales higher than the next highest year.
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 June.
Price Point Data
As part of its monthly sales analysis, the North State BIA also records the price points for new homes sold. The June 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.