Home Front

A blog about the economy and the Sacramento-area real estate market.

April 3, 2008
Centex dominating during slow home building start for 2008

The newest monthly home building numbers are in from Costa Mesa-based Hanley Wood Market Intelligence - and they show Centex Homes running away with the new-home market so far this year in the six-county Sacramento region.

First off, these are numbers from El Dorado, Placer, Sacramento, Sutter, Yolo and Yuba counties.

Publicly-traded Centex reports 140 sales in January and February, a 17.5 percent market share. Others in the Top 5 are:
- Atlanta-based Beazer Homes, with 74 sales and 9.3 percent market share.
-Michigan-based Pulte Homes and its Del Webb affiliate, with 73 sales and 9.1 percent market share.
- Miami-based Lennar Homes with 52 sales and 6.5 percent market share.
- Fort Worth-based D.R. Horton, with 43 sales and 5.4 percent market share.

The top 10 also includes Los Angeles-based KB Home, privately-owned Roseville homebuilder JMC Homes, New Jersey-based K. Hovnanian Homes, Salt Lake City-based Woodside Homes and Newport-Beach based John Laing Homes.

Hanley Wood analyst Kathryn Boyce, based in Sacramento, said Centex is still offering lots of financial incentives to buyers and keeping prices down. Said Boyce: They are doing a lot of different things to be able to bring their market share higher. Whether they are making money is another story.

All told, Hanley Wood tallied a slow start for homebuilders in 2008: 798 new-home sales in the six-county Sacramento region during January and February. That is down 57.7 percent from 1,885 sales the same time last year.

Specific sales figures, according to the consulting firm:
Single-family homes, 707 sales, down 54.2 percent from last year.
Townhouses and duplexes, 51 sales, down 44.6 percent from last year.
Condominiums, 40 sales, down 84 percent from last year.

Image courtesy of Energystar.gov

About Comments

Reader comments on Sacbee.com are the opinions of the writer, not The Sacramento Bee. If you see an objectionable comment, click the "report abuse" button below it. We will delete comments containing inappropriate links, obscenities, hate speech, and personal attacks. Flagrant or repeat violators will be banned. See more about comments here.

What You Should Know About Comments on Sacbee.com

Sacbee.com is happy to provide a forum for reader interaction, discussion, feedback and reaction to our stories. However, we reserve the right to delete inappropriate comments or ban users who can't play nice. (See our full terms of service here.)

Here are some rules of the road:

• Keep your comments civil. Don't insult one another or the subjects of our articles. If you think a comment violates our guidelines click the "report abuse" button to notify the moderators. Responding to the comment will only encourage bad behavior.

• Don't use profanities, vulgarities or hate speech. This is a general interest news site. Sometimes, there are children present. Don't say anything in a way you wouldn't want your own child to hear.

• Do not attack other users; focus your comments on issues, not individuals.

• Stay on topic. Only post comments relevant to the article at hand. If you want to discuss an issue with a specific user, click on his profile name and send him a direct message.

• Do not copy and paste outside material into the comment box.

• Don't repeat the same comment over and over. We heard you the first time.

• Do not use the commenting system for advertising. That's spam and it isn't allowed.

• Don't use all capital letters. That's akin to yelling and not appreciated by the audience.

You should also know that The Sacramento Bee does not screen comments before they are posted. You are more likely to see inappropriate comments before our staff does, so we ask that you click the "report abuse" button to submit those comments for moderator review. You also may notify us via email at feedback@sacbee.com. Note the headline on which the comment is made and tell us the profile name of the user who made the comment. Remember, comment moderation is subjective. You may find some material objectionable that we won't and vice versa.

If you submit a comment, the user name of your account will appear along with it. Users cannot remove their own comments once they have submitted them, but you may ask our staff to retract one of your comments by sending an email to feedback@sacbee.com. Again, make sure you note the headline on which the comment is made and tell us your profile name.

hide comments

On October 14, The Sacramento Bee will temporarily remove commenting from sacbee.com. While we design the upgrade, we encourage you to tell us what you like and don't like about commenting on sacbee.com and other websites. We've heard from hundreds of you already and we're listening. Please continue to add your thoughts and questions here. We also encourage you to write Letters to the Editor on this and other topics.



Jim Wasserman on Twitter

Follow "jimwasserman" on Twitter

October 2013

Sun Mon Tue Wed Thu Fri Sat
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31