Now that the election is over, everyone in the homebuilding industry can take a collective deep breath and get back to work. In spite of our worst fears about policy failures, taxes and over regulation, new homes are selling in the region and selling well. Even before the election, anxiety over the housing market seemed to be subsiding while confidence growing. There are many factors including supply shortages, interest rates, and relative affordability but most notable, have been the employment numbers for the Sacramento region. They have finally dipped below the double digit level and it has provided a boost for the region so severely squashed by the residential market downturn. If the trend continues on the employment side, look for positive growth in new housing no matter what our government looks like.
Source: Jim Radler, Senior Marketing Consultant, (916) 784-3329 ext. 11