News, insight and some thoughts about the Sacramento-area real estate market
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May 5, 2008
Four-year supply of home lots at this construction pace
More economic distress through 2008, more home lots going up for sale and more home builders leaving the Sacramento market. Oh, and did we mention almost a four-year supply of home lots to build on at this current construction pace?
This is what Greg Gross, Northern California director for the Houston-based home building industry consultant, Metrostudy, is telling home builders in the region. Here is today's news release. After a quick national overview he gets into the challenges facing an area home building industry that has already slowed construction to a crawl as most eyes turn to vacant bank-owned homes.
JIM WASSERMAN
Bee Business Writer Jim Wasserman was born in Ohio and moved to California in 1979. As a reporter with The Fresno Bee and The Associated Press, Wasserman made a profession of watching California's explosive growth. He joined The Sacramento Bee in 2005 and the next year began covering real estate.SEARCH
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LINKS
- MLS on sacbee.com
- Recent Home Sales ZIP Charts from DataQuick
- Freddie Mac
- Office of Federal Housing Enterprise Oversight
- Sacramento Association of Realtors
- Placer County Association of Realtors
- California Association of Realtors
- National Association of Realtors
- California Building Industry Association
- North State Building Industry Association
- National Association of Home Builders
- Sacramento Land(ing)
- Average Buyer Blog
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