Home Front

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

April 1, 2009
Worse and worse for capital-area homebuilders
Sacramento-area home builders had a terrible February, as this online story on Hanley Wood Market Intelligence statistics shows.
 
 Just 211 sales in El Dorado, Placer, Sacramento, Sutter, Yolo and Yuba counties, down from 591 last year. Last year ended with 4,847 sales and proved one of the worst for area builders in two decades That's the bad news. The good news, I suppose, is that it's keeping inventory down, which is critical to recovery.

 That's not much comfort to an industry which has been decimated in terms of layoffs and office closings in the past two years.

Still leading the pack is Atlanta-based Beazer Homes.

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