Home Front

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

August 7, 2009
Sacramento, where the jobs are
I love to be out driving and suddenly come across a development that's still surprisingly rising inside this housing bust. That's the case in Midtown Sacramento, at Alhambra and S across from the Sacramento Food Co-op. There, the hammers, nail guns and saws represent the sound of money still being made and construction work still to be had.

Dallas-based Trammell Crow is the builder, pushing up a 275-unit apartment center to be called The Alexan. It's one of the few apartment complexes being built in the region as the housing bust continues. Plans are to finish this fall. If the housing downturn backs off a little by next year some of these units might also be sold as condos. Home Front, being a Friday tourist in its own town, shot this little piece of video to bring home the sights and sounds.

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