May 15, 2018

NORTH STATE BIA POSTS APRIL SALES NUMBERS

ROSEVILLE - A total of 486 new homes were sold during April, the highest total since last May and the highest number sold during April since 2006, the North State Building Industry Association reported today. The sales were reported in 142 subdivisions in the six-county Greater Sacramento region from Marysville and Yuba City in the north to Galt in the south.

In addition, 15,910 people visited active new-home communities last month, up from 11,823 in March and the highest April traffic numbers since 2007.

Rachel Bardis, the BIA's 2018 Chair and a principal with Sacramento-based Bardis Homes, said the increasing sales and traffic figures demonstrate the demand for new homes continues to grow.

"We've enjoyed seven straight years of increased traffic since bottoming out in 2010, and there's a very good chance we will make that eight straight years," Bardis said. "And this month's strong sales totals shows that despite gradually rising interest rates that there is a strong demand for new homes in all price ranges."

Historic April Sales Review
The chart below offers a 10 year look-back on sales in the month of April.
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 April.
Price Point Data
As part of its monthly sales analysis, the North State BIA also records the price points for new homes sold. The April price points for new home sales can be seen in the chart below.
Regional Permit Data
The California Homebuilding Foundation's (CHF)  Construction Industry Research Board (CIRB) regional permit data for April 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.

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 500 members, including 50,000 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. 
North State BIA