Demand stays strong for new homes
The home construction boom is alive and well regionally, with a Roseville-based homebuilder association reporting numbers that show the area is on track for the strongest sales showing since the Great Recession.
A total of 361 new homes were sold during June in the North State Building Industry Association’s greater Sacramento region, which takes in Placer County.
The sales were reported from Marysville in the north to Galt in the south, with Placer County again reporting strong monthly totals in relation to the rest of the area.
A total of 119 of the region’s sales were in the Roseville, Rocklin, Lincoln and Granite Bay areas.
Michael Strech, association CEO, said the sales in June combined with 13,100 prospective buyers visiting new home communities demonstrate the demand for new homes continues to grow.
While traffic and sales numbers are both slightly below 2017 on a monthly basis, they’re still the strongest since 2008.
“Demand remains strong and we continue to believe that 2018 will be a very good year in the region,” Strech said.
The 361 new home sales figure represents the second highest total since June 2008, when 353 homes were sold. After the real-estate bubble burst, sales dropped to a low in June 2010 of 83. Last year, 387 houses sold in June.
The “sweet spot” for home sales was between $351,000 and $500,000, with 210 of the houses sold in that price range in June.