Sunday, February 11, 2007

Good news for new home sales

Why is it that when the builders have a poor sales month or quarter we read about it on page one of the local newspaper and it leads on the evening news. “New home sales drop to record low.” Then, sales pick up and the good news gets buried on the back page?

In case you missed the article on page D2 in the Sac Bee, January new home sales climbed to their highest monthly total since June of 2005. This according to the North State Building Industry Association that keeps track of such information in 186 new home communities in our region.

The 702 January sales was a big increase from the 486 new home sales in January of 2005 and the 379 reported in December. Fourth quarter 2006 sales were up 55 percent from the same quarter of 2005 according to the Gregory Group
Based on the new sales information the association is predicting a gradual recover in regional housing.

Nearly 40 percent of all new home sales occurred in Placer County. The largest percentage of sales, (60%) were homes priced between $400,000 and $600,000 but one-third were priced under $400,000.


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