Placer region new-home demand grows

By: Gus Thomson, Reporter/Columnist
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New regional building industry figures show the growth trend continuing through the summer in new-home sales and interest, a North State Building Industry Association official said.

The North State association has issued figures for July that show 375 new homes were sold in the greater Sacramento-Placer region — down marginally from 377 in July 2017 but the second highest in a decade. The association’s headquarters is in Roseville.

President and CEO Michael Strech said sales and traffic figures are demonstrating the growth curve that started as the region dug out from the aftermath of the housing bubble bust of the late 2000s remains on track.

“Sales are tracking similar to where they were last year but we saw higher traffic,” Strech said. “That tells us homebuyers are actively out looking for homes and we expect to see the traffic continue to grow.”

The sales were reported in 145 subdivision in the six-county region taking in Marysville and Yuba in the north to Galt in the south.

The subdivisions counted 13,779 visitors to new-home communities in July, with 101 of the buyers making deals at between $451,000 and $500,000 for a new home. A total of 75 homes were sold in the $351,000 to $400,000 range.