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New Construction is Booming: Real Estate Watch




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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


Placer County News Headlines

Buying a Home is Still Better Than RentingRoseville, CA-- Home prices continue to rise faster than incomes and new employment, but it is still more cost efficient to own a home than to rent.

Sierra College Roseville Center Open House TodayRoseville, CA - Sierra College invites the public to see its state-of-the-art classrooms and facilities at the new Roseville Center location in the heart of Roseville's Town Square

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Placer SPCA Sees Success in Waiving Adoption FeesRoseville, Calif. - Adoption fees are waived for all animals, without exception, at the Placer SPCA during the month of August for its "full hearts, empty kennels" campaign

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Podcasts for Fundraising Professionals and DonorsWith that goal in mind, Eric Hogue and David Pineschi of William Jessup University are regularly producing light-hearted podcasts each month

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WJU Volleyball signs Isabella MauricioROCKLIN, Calif. - The women's volleyball head coach, Shasta Millhollin announced the signing of Isabella Mauricio from Foster City, Calif. to the 2017-18 roster.

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