New Construction is Booming: Real Estate Watch
Single-family homes continue to show steady growth
Roseville, Calif., - A shortage of homes for sale combined with growing buyer demand has builders constructing more homes this year than in the last decade.
Builders have taken advantage of the need to balance the growing demand for housing with a dwindling supply. Combined with a strong economy, builders are breaking ground and building more homes.
Single-family homes continue to show steady growth and starts and permits are up year over year. This is a promising sign for growth in the housing market.
The chief economist at Nationwide, David Berson, believes housing starts for all of 2017 will be approximately 1.25 million. This would be the highest level of housing starts since 2007 and will provide some relief to the overall housing market.
Even though the expected increase in housing starts is higher than any time in the past decade, it is still below the historical average of 1.5 million and is contributing to the housing shortage. With rising population and steady job gains, more home construction is needed for the new households being formed.
If you or someone you know is considering buying new construction remember to take your Realtor with you when you visit the model homes. We can represent you and negotiate with the builder on your behalf. There is no cost to you and having an experienced agent on your side can be very beneficial.
If you have any questions or want more information on buying or selling, please let me know. I can be reached at the MagnumOne Realty office in Roseville (916-899-6571) or by email to JulieJ@jalone.com.
About Realtor Julie Jalone
Julie Jalone, wife and mother living in Rocklin, is an experienced professional Realtor ® serving
the Greater Sacramento area including Placer, El Dorado, Yolo and Yuba counties.
Julie may be reached online at www.jalone.com or by calling (916) 276-6883
Check out her daily web blog: Keep it Real in Sacramento
Pet Care | Real Estate | Restaurants | Tech | View All | * Add/Upgrade Business
Placer County News HeadlinesHoliday in the Hills on the Placer Wine Trail in DecemberRoseville, CA, - Come join us and help celebrate the holidays on the Placer Wine Trail to benefit Toys for Tots. Enjoy the holidays in Placer County
How the Grinch Stole Christmas Comes to Life at This EventSacramento, Calif. - Dr. Seuss' beloved holiday tale "How the Grinch Stole Christmas" will come to life at Fairytale Town's annual Winter Wonderland event.
California Bowl in Roseville November 24- 26Roseville, CA - Nov. 16, 2017 -One of the most competitive and exciting youth football tournaments on the west coast returns to Roseville over Thanksgiving weekend.
Kids with Disabilities to Get Help with Telemedicine Program (Sacramento, Calif.) - The UC Davis Department of Pediatrics has received a $2 million, five-year grant from the Agency for Healthcare Research and Quality (AHRQ) to fund a new telemedicine program
Gun Scare in Roseville at Woodcreek HighRoseville, CA, - Roseville Police find loaded handgun following alert from Woodcreek High Students.
Ford can 'Focus' on its futureRoseville, CA,- Not many people are probably aware, but the Ford Focus has been among the top-selling cars in the world, and even held the top spot in 2013.
$1.5 Million in Grants for Sacramento-area NonprofitsRoseville, CA,- Kaiser Permanente has awarded 52 grants totaling more than $1.5 million to local not-for-profit organizations, schools and public entities in Sacramento, Yolo and Placer counties.
Roseville Gas Prices Up 20 Percent Year from Last YearRoseville, CA,- Gas prices in Roseville ticked up slightly this past week. Following on the heels on California's $5 billion a year gas tax hike
Holiday Safety Tips by Roseville Police Dept.Roseville, CA,- The holiday season is a busy and festive time. While you're busy preparing, criminals are stepping up their efforts to increase their holiday haul.
Fishing Club Monthly Breakfast in AuburnThe Rooster Tails Fishing Club monthly breakfast will be held at the Auburn Elks Lodge at 195 Pine Street in Auburn on November 17
Placer County Regional Bikeway Plan UpdateAs Placer County experiences dramatic growth in population, new homes and businesses, the popularity of cycling grows at the same time
Orange is New Pink 5K Walk for Breast CancerOrange is the New Pink 5K Walk for Breast Cancer will take place Sunday, Dec. 3 at Mandarin Hill Orchards in Penryn
NEWS: In Case You Missed It