March 16, 2017
HOMEBUILDING INDUSTRY WRAPS UP 
ANOTHER SOLID MONTH OF SALES

ROSEVILLE - The North State BIA released its February New Home Sales Report today, with homebuilders racking up 471 sales from 136 communities reporting in February. By comparison, January resulted in 441 sales from 138 reporting communities.

"It's great to see another very strong month of sales for our industry,"  said Andy Davidson, the BIA Chair and VP of Construction with Anton Development Company. "We feel good about where the market is heading and there's a general confidence that this momentum will continue."
Highest February Sales Numbers for a Decade
With 471 sales logged last month, the industry recorded its highest sales numbers for February in 10 years. 
New Home Sales by Region  
The North State BIA's monthly New Home Sales Report is compiled through a collaborative effort between association staff and homebuilders, who provide weekly reports based on escrow closings. The chart below breaks down regional sales for February 2017.
Price Point Data
As part of its monthly sales analysis, the North State BIA also records the price points for new homes sold. The February 2017 price points for new home sales can be seen in the chart below.
BIA Data Note
The North State BIA's sales figures represent the majority of production homebuilders in the greater Sacramento region.

Regional Permit Data
The California Homebuilding Foundation's (CHF) Construction Industry Research Board (CIRB) regional permit data for February 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 CHF-CIRB@mychf.org for additional information.
 
North State BIA