New home sales decline in September

But building industry remains confident
By: Gus Thomson, Reporter/Columnist
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The leader of the Placer County based North State Building Industry Association is expressing confidence in a healthy market despite a September drop in new home sales.

“While we saw home sales decline slightly in September, the industry remains confident in the healthy housing market which continues to experience solid demand, historically low interest rates and a solid economy,” President and CEO Michael Strech said.

Strech said sales and traffic figures demonstrate a continued demand for new homes in the region, which includes Placer County and takes in a six-county area from Yuba City to Galt.

A total of 312 new homes were sold in September and 11,385 people visited the 154 subdivisions reporting to the association. A total of 332 homes were sold in September 2017.

Placer County continued to be the hottest market, with 100 sales reported - the most in the region.

The leading price point was between $451,000 and $500,000, with 70 new homes sold in the region between those figures, said the association, which is headquartered in Roseville.