ROSEVILLE - The North State BIA released its 2018 year-end sales report, with the homebuilding industry recording 4,379 sales for the year, representing a decrease over 2017's 4,867 new homes sold.
"This past year has been a complex one for the homebuilding industry. " Said Michael Strech, President and CEO of the North State BIA. "After a continued upswing at the beginning of the year, we saw sales begin to fall in September and by the end of the year sales had stabilized, which was encouraging for the start of 2019. We anticipate that we will continue to see steady sales and traffic throughout 2019 indicating a healthy housing market."
Decade Sales Review
The chart below provides a historical perspective on total annual new homes sales in the region from 2008-2018.
Communities Held Steady this Year
The number of communities actively reporting sales matched 2017 with 145. This is an encouraging indication that the homebuilding industry is meeting homebuyer needs by offering a wide variety of product.
Traffic is Remaining Strong
For several years, the industry's traffic figures have increased. While this year, traffic did fall, the number of people visiting communities remained strong and we anticipate seeing an upswing in early 2019.
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 weekly/monthly reports based on escrow closings. The chart below breaks down regional sales for 2018.
Price Point Data
As part of its monthly sales analysis, the North State BIA also records the price points for new homes sold. The 2018 price points for new home sales can be seen in the chart below.
Regional Permit Data
Cumulative and individual permit data for El Dorado, Placer, Sacramento, and Yolo Counties for 2016 - 2018 - courtesy of the California Homebuilding Foundation's (CHF)
Construction Industry Research Board (CIRB) - is available below. For more detailed information, please click
here.
CIRB Data Note
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.
