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Nationwide Slowdown in New Home Sales Spreads to Sacramento Region, North State BIA Reports
The nationwide slowdown in new home sales has spread to the Sacramento region, as the North State Building Industry Association reports that sales during June fell to 313, the lowest monthly total since 2022 when sales dropped off precipitously when mortgage interest rates rose sharply.
Roseville recorded the most sales (66), followed by Rancho Cordova (49), Sacramento (47), Natomas (32) and Plumas Lake (25). Elk Grove saw the sixth-highest total (21), followed by Lincoln (17). Rocklin and El Dorado Hills tied for eighth place with 12, and Folsom rounded out the top 10 with 10 sales. (See more housing statistics in the charts below.)
BIA statistics covered 197 new home communities reported by members in Amador, El Dorado, Placer, Sacramento, Sutter, Yolo and Yuba counties.