Roseville, January 22, 2020
- The North State BIA President and CEO, Michael Strech, reports that builder members saw the most homes sold per year since 2007 last year, but that doesn't mean we are meeting demand in the region. "The Sacramento area had an impressive year in 2019. We are working hard to meet the need for new homes around the region, but it still falls short of where we need to be to help California reach a goal of 500,000 homes per year." Strech continued, " Governor Newsom set the goal of 3.5 million new homes added to California by 2025 and unless we see immediate and meaningful action from policy makers. work with the building industry, we will fall short of this goal."
Strech continued, "The BIA's members are very proud of the work that has been done to get us back to pre-recession sales numbers. There is a lot more work to do, but we are excited for a great 2020!"
A total of 5,337 new homes were sold during 2019. The sales were reported in an average of 167 subdivisions in the six-county Greater Sacramento region from Marysville and Yuba City in the north to Galt in the south. In addition, 127,249 people visited active new-home communities last year.
The North State BIA members added more than 20 communities to the region this year. "A growing community count is great for homebuyers as it often means variety in the homes available on the market, as well as the location in which you can purchase a home," Said Aren Bazzocco (Taylor Morrison), Chair of the Board for the North State BIA.
More than half of the new homes sold in 2019 were sold in Sacramento County. "Sacramento County's growth is not surprising. With the Folsom Ranch project picking up speed, heavy building in Elk Grove and Natomas, and the infill projects throughout Sacramento, this trend is likely to continue in the years ahead," Chair Bazzocco said.
