ROSEVILLE - A total of 426 new homes were sold during February in the greater Sacramento region, the North State Building Industry Association reported today. The sales were reported in 140 subdivisions in the six-county Greater Sacramento region from Marysville and Yuba City in the north to Galt in the south. In addition, 9,742 people visited active new-home communities last month.
BIA President and CEO Michael Strech is encouraged that sales will continue to rise as we head into spring.
"We are excited to see the high sales numbers in February. Sales increased by more than 20 a week over January. Even more encouraging is the comparison in year over year sales. February saw 70 more sales than the same month last year and we expect to see numbers continue to increase.
" Strech said.
Historic February Sales Review
The chart below offers a 10 year look-back on sales in the month of February.
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 February.
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 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 February. There was no Multi-Family permit data recorded for this period.
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.
