More new construction in the Sacramento area | Sacramento ...

New construction has been heating up in the Sacramento market. Subdivision builders have been?mostly dormant?since the real estate ?bubble? burst, but lately they?ve been starting up again. In fact, just a few days ago the Sacramento Business Journal reported an investor purchased 960 acres in Folsom for 4,000 future tract homes.?That?s good news for the prospect of future building as well as one way to increase inventory too, right?

Here are?two graphs of?building permit history based on United States Census Bureau information. I?d like to get data directly from the building industry too, but this will do for now. As you can see below, while building is still far below what it was during the ?boom??years, the encouraging sign is?that there have already been more permits pulled in 2012 (through August) than all of 2011.

NOTE: The bulk of subdivision new construction I?ve seen lately has been builders picking up where they left off. For instance, many subdivisions or streets were left unfinished when the real estate market collapsed. Most of these lots were already improved with utilities, streets and sidewalks. Builders just couldn?t finish them because of depressed values.

Where have you seen new construction lately in the Sacramento area?

If you have any questions or Sacramento home appraisal or property tax appeal needs, let?s connect by phone 916-595-3735, email, Twitter, subscribe to posts by email (or RSS) or ?like? my page on Facebook

Related posts:

1. New construction and the smell of a new car
2. Seeing pockets of new construction in Elk Grove
3. Unpacking the real estate market in Sacramento
4. Trends in the Meadowview Area of Sacramento
5. Why is inventory so low in Sacramento right now?

Tagged as:? appraiser in Sacramento ? Folsom land ? Folsom lots purchased ? graph of building permits in Sacramento County ? graph of permit history ? Home Appraiser ? House Appraiser ? new construction in Sacramento County ? Real Estate Market in Sacramento ? sacramento appraisers

Source: http://sacramentoappraisalblog.com/2012/10/19/more-new-construction-in-the-sacramento-area/?utm_source=rss&utm_medium=rss&utm_campaign=more-new-construction-in-the-sacramento-area

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