Business Journal: Home Sales Up

Share |
(Sacramento, CA)
Tuesday, March 13, 2007
New figures from the California Building Industry Association are encouraging about the Sacramento market. New home sales were up 37% in January, compared both to the month prior and to January in 2006. Prices moved up a bit from December of ’06. The figures include the BIA members in the area, a considerable number, but not every new-home community. Fewer houses are on the market now, as builders work through their inventory, often with attractive incentives. Statewide, new home sales were actually down – by 18% -- compared to a year earlier … so the good news from Sacramento bucked the trend.